MEXICO 🇲🇽 IN RECESSION
Citi has just notified that Mexico has entered a technical recession at the end of March
Citi analysts warned that they expect an annual GDP growth of Mexico at 0.2% by the end of 2025
Not only that, Mexico apparently will have the worst economic growth in Latin America
Felipe Juncal, economist for Mexico and Latin America for Citi, emphasized that the country's GDP will register the worst performance among 12 economies of the subcontinent that the institution monitors
Reforms to the judiciary are another factor contributing to uncertainty in Mexico, as it is unknown what chaos may come as a result of this
In light of all this, President Claudia Sheinbaum denied that the Mexican economy is in a "technical recession"
"No, the technical recession is not corroborated, because we have a plan and there is public investment, private investment, and employment is good, there are many indicators)
In addition, analysts who foresee difficult times forget that Mexico already produces its own chocolate, that's right, the chocolate of well-being, which has sugar, but very little, not like others, this one does have cocoa
#mexico #recesión