San Diego (Border Report) – An executive at Banamex, Mexico’s second-largest bank, says President Donald Trump is “the biggest threat to the Mexican economy over the next four years.”
Trump’s policies have already led to weak investment in Mexico, political instability, higher inflation and interest rates, according to bank management.
Trump’s presidency will be a source of uncertainty in the short and long term, according to the bank. As a result, Banamex does not expect the Mexican economy to grow in 2025.
“If tariffs are allowed to stay properly, it will lead us to a serious recession and put the government at a crossroads,” said Sergio Kurchin, director of economic research at Banamex. “This is the age of skinned cows and it’s time to drive investment. There’s no greater risk to our economic stability than Trump.”
Kurczyn added that he believes another negative indication of the Mexican economy is the low remittance of money from the US, saying the flow slowed by up to 2.4%.
