That entity based its projection on the falls suffered by key indicators such as business confidence, investments, employment in manufacturing and the Price and Quotation Index, the latter showing the performance of stocks on the Mexican Stock Exchange.
The slowdown of the national economy -it added- also comes from the effects of the interest rate, whose decrease was 0.1 percent.
Mexico’s gross domestic product grew by 1.5 points year-on-year during the first half of this year and is expected to grow by 1.4 percent by the end of 2024, which would be below the official target of 1.6 points.
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