Wirtschafts forecast: Banxico warns of over -optimistic goals!

Wirtschafts forecast: Banxico warns of over -optimistic goals!

MÉRIDA, Yucatán, Mexiko - Mérida, Yucatán - the economic prospects for Mexico, according to Jonathan Heath, the deputy governor of Banco de México (Banxico). During the 52nd annual convention of the Instituto Mexicano de Ejecutivos de Finanzas (IMEF), Heath said that the forecasts for gross domestic product (GDP) will be extremely optimistic in the coming years. According to the government, the economy is expected to grow by 2 percent this year, while most surveys only expect growth of 1.5 percent. For the next year, growth of 2.3 percent will be sought, which influences budget planning.

Heath warned that growth of 2.3 percent could also mean that inflation will not achieve the targeted mark of 3 percent. The government is currently expecting 4.3 percent for this year and 3.5 percent for the next year, which reflects the skepticism of the financial institutions and the government itself. "The institutions do not believe us, and the government also has doubts," says Heath.

ambitious exchange -proof forecast

Another point that Heath asked was the exchange rate. The Paquete Económico stipulates that the exchange rate should be at 19.7 pesos per dollar by the end of this year. Heath described this estimate as "very ambitious" because the course almost would have to sink a peso. For 2025, an exchange rate of $ 18.5 pesos per dollar is predicted, while the IMEF expects the course to close this year at 20 pesos and next year at 20.50 pesos.