President Claudia Sheinbaum questioned the forecast of the Organization for Economic Cooperation and Development (OECD) regarding a recession in Mexico in 2025 due to the tariffs imposed by U.S. President Donald Trump. Sheinbaum indicated that it is necessary to wait and asserted that it would be more useful for the OECD to offer concrete recommendations rather than simply predicting a possible recession.
In reaction to the OECD report 'How to Navigate Uncertainty', the Mexican president expressed her disagreement with the prediction of a decrease in Mexican GDP by 1.3% in 2025 and by 0.6% in 2026, based on the premise of generalized tariffs imposed by Trump starting April 2. Although Mexico's GDP growth in 2024 was 1.5%, the imposition of new tariffs and political and trade uncertainty have weakened economic prospects for 2025, according to the OECD and other organizations.
The president suggested waiting to see what happens on April 2, the date set for the implementation of a 25% tariff on all Mexican products in the United States, after having received two monthly pauses since February. She emphasized the importance of examining the international situation arising from the imposition of tariffs by the U.S. government and other international issues before fully validating the economic forecasts.
