Story perspectives
Mexico's Economy Declines Amid Tariff Fears and Weak Demand
1/30/2025
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Story summary
- Mexico's economy shrank by 0.6% in Q4 2024, its first decline since 2021, due to weak domestic demand and US tariff concerns.
- The GDP growth for 2024 was 1.3%, with projections indicating a slowdown to 0.8% in 2025.
- President Claudia Sheinbaum expresses optimism about circumventing US tariffs and enhancing local production.
