# Mexico economic outlook | Deloitte Insights

> Deloitte's May 2024 outlook says Mexico's economy has grown at about 1.7% a year since 2000, well below its earlier historical average. It expects only modest growth ahead, with political uncertainty from the June election weighing on the outlook. The piece also covers nearshoring and public finances.

- Date: 2024-05-30 · published 2024-05-30T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/30483-mexico-economic-outlook-deloitte-insights
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Slow domestic growth limits demand growth for animal protein and feed in Mexico, though nearshoring could support some industrial and food demand. The report contains no new price catalyst.

## Sources

- deloitte.com: https://www.deloitte.com/us/en/insights/topics/economy/americas/mexico-economic-outlook-05-2024.html

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.