Country Profile

At a time when a number of major Latin American economies, including Brazil and Venezuela, are heading toward recession, Mexico’s economy stands out in the region for its resilience. Projections for 2017 are couched in more uncertainty than is usual, however, in light of the lack of clarity over and the potential impact of policy changes in the US during the first year in office for US President Donald Trump. In forecasts released after the November 2016 US election, the World Bank projected Mexican GDP growth easing to 1.8% in 2017, while the IMF has forecast 1.7%.