Reported 5 months ago
Mexico's economy showed weak growth at the beginning of the year with a 0.3% expansion in the first quarter and a slowdown in March, while annual inflation accelerated to 4.78% in May, above the 3% target. These economic challenges come just days before the presidential election on June 2, with the next president inheriting a difficult economic situation due to weakening demand for exports, bad weather affecting agriculture, and limited room for interest rate cuts. Despite government spending efforts to boost the economy, the data highlights the struggles the next administration will face in sustaining growth.
Source: YAHOO