Mexico’s GDP contracts 0.3% in Q3, setting stage for Banxico rate cut By Investing.com

Mexico's economy contracted by 0.3% in Q3, marking two consecutive quarters of no growth or decline. The services sector, particularly manufacturing, drove this slowdown. Analysts anticipate a 25 basis point rate cut by the Bank of Mexico at their next meeting, aiming to boost the economy. Investors and officials have been preparing for a downturn, but the prolonged stagnation has raised concerns. The upcoming central bank decision and signs of economic recovery will be closely watched, especially by those in the services and manufacturing industries.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.