INSUBCONTINENT EXCLUSIVE:
The National Institute of Statistics and Geography (INEGI) reported a 1.0% increase in Gross Domestic Product (GDP).This figure surpassed
expectations, as experts had predicted growth of just over half a point
Strong domestic demand and a resurgent agricultural sector drove this unexpected economic boost.The Mexican economy gained momentum,
expanding at its fastest pace in over a year
Industrial production and services each grew by 0.9%, while agricultural output jumped by an impressive 4.6%.This growth rate marks the
quickest expansion since the second quarter of 2023
Compared to the same period last year, GDP rose by 1.5% between July and September.The first nine months of 2024 saw a cumulative growth of
1.7%, indicating a slight slowdown from the previous year
(Photo Internet reproduction)For the second consecutive month, rates were reduced by a quarter point to 10.5% in September
They foresee a continued slowdown for the third consecutive year in 2025 and potentially beyond.This forecast suggests a complex economic
landscape for Mexico in the coming years
The Mexican government faces the task of sustaining this growth momentum
economic trajectory in the near future
As Mexico moves forward, the interplay between various economic sectors will be key.The agricultural rebound and steady industrial growth
provide a foundation for cautious optimism
However, maintaining this balance in the face of global uncertainties remains a significant challenge.
