Create an image based on this information Economic Outlook for Mexico in 2024

Create an image based on this information Economic Outlook for Mexico in 2024: Moderate Growth and Challenges Ahead The Mexican economy faces a moderate growth outlook for 2024, with a notable slowdown compared to previous years. According to the International Monetary Fund (FMI), Gross Domestic Product growth (GDP) It is estimated at 2.2%, a slight decrease compared to the previous forecast of 2.4%. This review reflects a slow start to the year, as well as the slowdown in construction and manufacturing, sectors that were key to growth in 2023 Despite the strength of the Mexican peso in recent months, and the relative stability of inflation, The economy remains vulnerable to the US slowdown, its main trading partner. The Bank of Mexico has reduced its growth forecast, projecting a 1.5% for next year.
The inflation expectation for the end of 2024 is 4.6%, with a slight improvement expected for the following years. Regarding monetary policy, Banxico could make further interest rate cuts during the rest of the year, seeking to maintain economic stability.
With global uncertainties and internal challenges, Mexico prepares to navigate a more complex economic environment, but with opportunities for moderate growth that could keep the country on the path of development.

Create an image based on this information Economic Outlook for Mexico in 2024: Moderate Growth and Challenges Ahead The Mexican economy faces a moderate growth outlook for 2024 , with a notable slowdown compared to previous years . According to the International Monetary Fund (FMI) , Gross Domestic Product growth (GDP) It is estimated at 2 . 2% , a slight decrease compared to the previous forecast of 2 . 4% . This review reflects a slow start to the year , as well as the slowdown in construction and manufacturing , sectors that were key to growth in 2023 Despite the strength of the Mexican peso in recent months , and the relative stability of inflation , The economy remains vulnerable to the US slowdown , its main trading partner . The Bank of Mexico has reduced its growth forecast , projecting a 1 . 5% for next year . The inflation expectation for the end of 2024 is 4 . 6% , with a slight improvement expected for the following years . Regarding monetary policy , Banxico could make further interest rate cuts during the rest of the year , seeking to maintain economic stability . With global uncertainties and internal challenges , Mexico prepares to navigate a more complex economic environment , but with opportunities for moderate growth that could keep the country on the path of development .

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Aug 30, 2024

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