Mexico’s Economy to Experience Steady Growth and Inflation Decrease Over Next Several Years.

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

In the coming years, Mexico’s economy is expected to experience steady growth, with projected growth rates ranging from 2.5% to 3.5% for 2021. The forecast for inflation in the second-largest economy in Latin America is predicted to decrease to 3.8% this year, aligning with the central bank’s target range of 3%, plus or minus one percentage point.

According to a draft budget from the country’s finance ministry, Mexico’s economy is set for further expansion in the coming years, with a projected growth rate of 2.0% to 3.0% for 2025. The document also anticipates a slowdown in inflation for both 2024 and 2025, with a rate of 3.3% expected for the latter year.

The Mexican peso is projected to be worth around 17.8 pesos per dollar this year and is expected to weaken slightly to around 18 pesos per dollar in 2025. Meanwhile, crude oil production is set to increase slightly from its current level of around 1.8 million barrels per day in

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