Given the events that cause uncertainty at the national and international level, such as the elections in the United States and what the economic package for 2025 will be, investors will tend to be more cautious, which will generate lower growth expectations for next year.
The above was commented by Lic. Janneth Quiroz Zamora, director of Economic, Foreign Exchange and Stock Market Analysis of Grupo Financiero Monex, who was invited by the College of Public Accountants of Baja California (CCPBC) to present the topic “Economic Perspectives for the Closing of 2024”.
The expert pointed out that a panorama is seen in which economic activity could slow down, in such a way that the projections for Mexico have been cut for 2024 and 2025.
“We are currently expecting the Mexican economy to grow at a rate of 1.6% and 1% for next year, given a somewhat complicated outlook for inflation, where it has shown, in recent months, a significant rebound,” she noted.
Given these situations, she explained, the Governing Board in Mexico has cut its reference interest rate several times, so it could end up at 10% for 2024, and 8% for 2025.
Meanwhile, Janneth Quiroz added, the exchange rate, which has meant a depreciation of the peso against the dollar, will remain volatile in the face of events that still cause uncertainty, since the proposed economic package for 2025 is still unknown, as well as the results of the elections in the United States.
“I think we are in a moment of showing caution, and waiting to know the outcome of these events, which will take some time to be able to design a program or establish a project,” she concluded.
Source: uniradiobaja
