The Mexican economy will grow this in 2023 and 2024; The World Bank updates the forecast for the country

He World Bank (PM) has upgraded its forecasts Growth for the economy Mexican for both 2023 and 2024.

rate in 2023, according to new projections he announced this Tuesday Development of Mexico A moderate 2.5% would be.

This represents an upward revision compared to last April’s estimate of 1.5%.

Next year it is expected to continue to grow at a rate of 1.9% from 1.8% previously. The expectation for 2025 was 2%.

Read more The World Bank estimates that the global economy will grow by 2.1% in 2023

According to the organization, development in the region Latin America and the Caribbean Speed ​​will decrease Further up to 1.5% in 2023.

He explained that there was very little development Advanced economies affect Export requiredAt the same time the restrictive monetary policies continued to be used in those economies and inflammation Persistently high domestic inflation will prevent significant improvement in financial conditions.

Globally, this is expected to increase to 2.1% in 2023 in the context of tougher global financial conditions and moderate external demand, impacting growth in emerging markets and Developing economies.

Read more The Fed views the pace of interest rate hikes with “less certainty.”

Downside risks include broader banking tensions and tighter monetary policy, the World Bank warned.

In the face of this, the organization envisioned the need for global cooperation to promote financial regulatory reform. Climate change and provide debt relief.

He also opined that the credibility of central banks continues to be a fundamental element of macroeconomic stability.

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