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Scotiabank's 2025 outlook for Mexico expects continued uncertainty from the 2024 elections, fiscal measures, and tariffs. It reports slower private consumption as durable-goods purchases fell, public investment dropped 14% year on year, and remittances stayed high.
Weaker Mexican consumption and investment can slow demand for meat and feed in Mexico. Tariff and USMCA risk adds to uncertainty for US feed and meat exports to Mexico.
scotiabank.comDec 18, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
