1222 ET - Mexico's economy is shaping up to be among the hardest hit by fallout from U.S. tariffs, according the IMF's World Economic Outlook. The fund cut its estimate for Mexico's GDP this year by 1.7 percentage points and now predicts a contraction of 0.3%. The downward revision is the largest for any country, including China, and reflects weaker-than-expected activity in late 2024 and early 2025 "as well as the impact of tariffs imposed by the United States, the associated uncertainty and geopolitical tensions, and a tightening of financing conditions." For 2026, the IMF lowered its growth estimate for Mexico to 1.4% from 2%. (anthony.harrup@wsj.com)
(END) Dow Jones Newswires
April 22, 2025 12:22 ET (16:22 GMT)
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