The Mexican Finance Ministry’s draft budget paints a positive picture of the country’s economy, with projected growth rates of 2.5% to 3.5% this year and a further increase to 2.0% to 3.0% in 2025. Inflation is expected to cut down to 3.8% this year, in line with the central bank’s target of 3%, plus or minus one percentage point. The draft also foresees a slight reduction in inflation to 3.3% in 2025, indicating a slowdown from the rate of consumer price growth of 4.40% in February.

According to official data, Pemek pumped an average of only 1.55 million barrels of crude oil per day in February, which is the lowest level since 1979. This steady decline in oil output significantly affects public finances as crude oil exports are expected to reach only 967,600 barrels per day this year and decrease to a further low of 958,400 barrels per day in 2025.

The peso is expected to trade at approximately $17.8 pesos for $1 USD this year and weaken slightly to $18 pesos for $1 USD by the end of the decade according to the draft budget.

Overall, these projections provide insight into Mexico’s economic outlook for future planning purposes for policymakers and businesses alike.

It is important for lawmakers to take into account these projections when making future spending decisions as they play a crucial role in shaping Mexico’s economic trajectory moving forward.

By Samantha Johnson

As a dedicated content writer at newspuk.com, I immerse myself in the art of storytelling through words. With a keen eye for detail and a passion for crafting engaging narratives, I strive to captivate our audience with each piece I create. Whether I'm covering breaking news, delving into feature articles, or exploring thought-provoking editorials, my goal remains constant: to inform, entertain, and inspire through the power of writing. Join me on this journalistic journey as we navigate through the ever-evolving media landscape together.

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