Mexican Economy Faces Third Year of Slowing Growth: ECLAC

The Economic Commission for Latin America and the Caribbean (ECLAC) has maintained its 2025 GDP growth forecast for Mexico at 0.3%, unchanged from its previous estimate in April. The projection reflects ongoing headwinds from slower economic growth in the United States and increased uncertainty around US trade tariffs.

During the presentation of its Economic Survey of Latin America and the Caribbean, ECLAC Executive Secretary José Manuel Salazar explained that additional factors such as declining investment, a slowdown in remittances, and weakening employment in the manufacturing sector have further constrained Mexico’s economic outlook.

Should the forecast prove accurate, Mexico would face its third consecutive year of economic deceleration, following 3.4% growth in 2023 and 1.4% in 2024. Growth would also fall below the regional average of 2.2% anticipated for 2025.

ECLAC also warned of the social impact of reduced remittances, which account for approximately 3.5% of Mexico’s GDP. Lower inflows, coupled with tighter US immigration policies, are expected to disproportionately affect low-income households by reducing consumption capacity.