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  • Mexico’s Q4 GDP growth beat expectations, driven by strength in services, and easing inflation.
  • Retail sales and leading indicators improved, but job-market cooling tempers domestic-demand outlook.
  • Banxico is pausing easing, as trade risk, fiscal tightening and sticky core inflation constrain the outlook.

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Keywords for: 24 February 2026 LatAm Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence