Draft Budget Reveals Mexican Economy Expected to Grow up to 3.5% in 2024, According to The Mighty 790 KFGO

Mexican Economy Projected to Grow Between 2.5% and 3.5% in 2021

The Mexican economy is projected to grow between 2.5% and 3.5% this year, according to a draft budget from the finance ministry. The forecast for 2025 shows further expansion, with a projected growth of 2.0% to 3.0%. Inflation in the second-largest economy in Latin America is expected to decrease to 3.8% this year, aligning with the central bank’s target range of 3%, plus or minus one percentage point.

The draft budget also anticipates a slowdown in inflation for 2024, with a rate of 3.3% expected for 2025. The exchange rate for the Mexican peso is projected to be 17.8 pesos per dollar this year, with a slight weakening to 18.0 pesos per dollar in 2025. The forecast for average crude oil production in Mexico in 2021 is around 1.85 million barrels per day, with a slight increase to around 1.86 million barrels per day by the end of the year.”

According to reports, state-owned oil company Pemex has been experiencing declining crude oil output steadily since February when it reached its lowest level since


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