*The World Bank has released a report in which it predicts Mexico’s economy to experience zero growth in 2025 – a notable downgrade from its earlier forecast of 1.5% growth, which was made in October 2024. The revision, which follows a 22 April International Monetary Fund (IMF) forecast predicting that Mexico will enter recession this year, reflects rising global pressures that are impacting growth across Latin America and the Caribbean, including persistent inflation, a slowdown in China’s economy, and higher tariffs in the US. “The global economic landscape has changed dramatically, marked by higher levels of uncertainty” said Carlos Felipe Jaramillo, vice president for Latin America and the Caribbean at the World Bank. In light of these challenges, he emphasised that “countries must recalibrate their strategies and advance bold and practical reforms that boost productivity, competitiveness, while tackling long-standing gaps in infrastructure, education, trade and governance to ensure job creation and better opportunities for businesses and citizens.”
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