Mexico’s Finance Minister ‘reasonably confident’ about fiscal projections – El Financiero
The post Mexico’s Finance Minister ‘reasonably confident’ about fiscal projections – El Financiero appeared on BitcoinEthereumNews.com. Mexico’s Finance Minister Edgar Amador noted that he is “reasonably confident” about the Treasury’s fiscal and growth projections for the year. El Financiero reported that the Ministry of Finance’s economic growth projections anticipate a healthy 1.9% growth in 2025, contrary to the estimates of a near stagnation, according to most analysts Amador added that he is “reasonably confident” about the Treasury’s fiscal and growth projections for the year. However, he warned that if the government misses its budgetary target, it is expected to maintain a restrictive stance, even if the economy hits a recession in the second half of 2025. The finance minister stated that the relationship between the US and Mexico offers preferential treatment, with USMCA-compliant goods exempt from taxation. Amador recognizes a closed mid-term outlook for growth and public finances, adding that he expects a recession in H2. Mexican Peso FAQs The Mexican Peso (MXN) is the most traded currency among its Latin American peers. Its value is broadly determined by the performance of the Mexican economy, the country’s central bank’s policy, the amount of foreign investment in the country and even the levels of remittances sent by Mexicans who live abroad, particularly in the United States. Geopolitical trends can also move MXN: for example, the process of nearshoring – or the decision by some firms to relocate manufacturing capacity and supply chains closer to their home countries – is also seen as a catalyst for the Mexican currency as the country is considered a key manufacturing hub in the American continent. Another catalyst for MXN is Oil prices as Mexico is a key exporter of the commodity. The main objective of Mexico’s central bank, also known as Banxico, is to maintain inflation at low and stable levels (at or close to its target of 3%, the midpoint…
The post Mexico’s Finance Minister ‘reasonably confident’ about fiscal projections – El Financiero appeared on BitcoinEthereumNews.com.
Mexico’s Finance Minister Edgar Amador noted that he is “reasonably confident” about the Treasury’s fiscal and growth projections for the year. El Financiero reported that the Ministry of Finance’s economic growth projections anticipate a healthy 1.9% growth in 2025, contrary to the estimates of a near stagnation, according to most analysts Amador added that he is “reasonably confident” about the Treasury’s fiscal and growth projections for the year. However, he warned that if the government misses its budgetary target, it is expected to maintain a restrictive stance, even if the economy hits a recession in the second half of 2025. The finance minister stated that the relationship between the US and Mexico offers preferential treatment, with USMCA-compliant goods exempt from taxation. Amador recognizes a closed mid-term outlook for growth and public finances, adding that he expects a recession in H2. Mexican Peso FAQs The Mexican Peso (MXN) is the most traded currency among its Latin American peers. Its value is broadly determined by the performance of the Mexican economy, the country’s central bank’s policy, the amount of foreign investment in the country and even the levels of remittances sent by Mexicans who live abroad, particularly in the United States. Geopolitical trends can also move MXN: for example, the process of nearshoring – or the decision by some firms to relocate manufacturing capacity and supply chains closer to their home countries – is also seen as a catalyst for the Mexican currency as the country is considered a key manufacturing hub in the American continent. Another catalyst for MXN is Oil prices as Mexico is a key exporter of the commodity. The main objective of Mexico’s central bank, also known as Banxico, is to maintain inflation at low and stable levels (at or close to its target of 3%, the midpoint…
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