Mexican officials on Monday laid out a plan to keep the nation on the path toward growth after narrowly avoiding a technical recession in the first quarter, Reuters reported. The nation's annual gross domestic product could tick up 0.7 percentage points if the plan goes into effect, Finance Minister Edgar Amador said, speaking alongside President Claudia Sheinbaum at her morning press conference.

Mexico’s economy posted a slight expansion in the first quarter, allowing President Claudia Sheinbaum to avoid recession as she steers the nation through an unpredictable US tariff policy, Bloomberg News reported. Gross domestic product grew 0.2% in the three months through March, above the 0.1% median estimate of economists surveyed by Bloomberg, after a 0.6% decline in the prior quarter. From a year before, GDP expanded 0.8%, higher than the 0.7% median estimate, according to preliminary data published Wednesday by the national statistics institute.

Mexican lender Banorte will again consider a potential purchase of Banamex, Citi's one-time retail unit in the country which it split off last year, Banorte's CEO told analysts on Wednesday, Reuters reported. "There are a lot of moving pieces," CEO Marcos Ramirez said. "So we will watch closely what's going on and propose." Banorte had previously bowed out of the competition for Banamex in 2022, though Citi was ultimately unable to find a buyer for the unit.

Mexico’s President Claudia Sheinbaum said there’s no agreement yet with her US counterpart Donald Trump after the two spoke last week about lifting US tariffs, Bloomberg News reported. The Mexican head of state said on Monday that they had discussed an existing 25% tariff on imported vehicles and an equivalent one on steel and aluminum. “We didn’t reach an agreement but we did establish our arguments. In the case of steel and aluminum, we established that we have a deficit.

Most of the Bank of Mexico's five governing board members agreed that the risks associated with U.S. President Donald Trump's tariffs will add uncertainty to the future path of inflation, minutes of its March 27 monetary policy decision showed on Thursday, Reuters reported. Inflation forecasts remain uncertain, the board members noted in the minutes, adding that although the balance of risks for the trajectory of inflation remains biased to the upside, it has improved. "The changes in economic policy by the new U.S. administration have added uncertainty to the forecasts," the minutes noted.

The largest aquatic theme park operator in Latin America, The Dolphin Company, has filed bankruptcy in the US to restructure its debt and address what it described as financial challenges, Bloomberg News reported. The Cancun, Mexico-based company, whose properties include Dolphin Discovery habitats and the Selva Magica theme park in Guadalajara, Mexico, sought court protection on Monday in Delaware, listing assets and liabilities each of more than $100 million.

Mexico’s inflation slowed more than expected in the first half of March, as the central bank is set to meet this week to consider a sixth straight rate cut and likely a second straight half-point reduction, Bloomberg News reported. Consumer prices rose 3.67% from a year prior, below the 3.7% median estimate of analysts surveyed by Bloomberg and less than the 3.81% in the previous two-week period. Core inflation, which leaves out volatile items including food and fuel, also decelerated to 3.56% from 3.66% in late February.

The United States' National Coffee Association asked the Trump administration to exempt the product from any tariffs, saying that the already adopted additional duties on Canada and Mexico could increase U.S. prices up to 50%, Reuters reported. In a letter seen by Reuters, NCA President and CEO Bill Murray told U.S.

U.S. President Donald Trump's new 25% tariffs on imports from Mexico and Canada took effect on Tuesday, along with a doubling of duties on Chinese goods to 20%, sparking trade wars that could slam economic growth and lift prices for Americans still smarting from years of high inflation, Reuters reported. The tariff actions, which look set to upend nearly $2.2 trillion in annual U.S. trade with its top three trading partners, went live at 12:01 a.m. (0501 GMT).

Company executives and foreign officials are scrambling to avert the consequences of another tight deadline from President Trump, who has threatened to put stiff tariffs on goods coming in from China, Canada and Mexico starting just after midnight Tuesday. The president describes this as an effort to pressure those countries to stop the flow of deadly drugs and migrants to the United States. But Mr.