1440 ET - The Trump administration's trade deal announcements with the U.K. and China prompt Goldman Sachs to raise its GDP estimates for Mexico. The firm now predicts Mexico's GDP will be flat in 2025, versus its previous expectation of a 0.5% contraction. The upgrade reflects firmer growth in the U.S.--Mexico's dominant trading partner--and the better-than-expected 0.2% growth in Mexico's 1Q GDP. "On all counts, 2025 will still be a very difficult year in terms of growth. U.S. tariffs on Mexico are yet to be negotiated down, and there is still a significant amount of uncertainty around the outcome of the upcoming USMCA review," chief Latin America economist Alberto Ramos says in a note. For 2026, Goldman raises its Mexico GDP growth estimate to 1.4% from 1.2%. (anthony.harrup@wsj.com)
(END) Dow Jones Newswires
May 13, 2025 14:40 ET (18:40 GMT)
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