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  • Mexico’s broad-based decline in growth in Q1 reflects weakening consumption and capex.
  • A temporary Q2 rebound driven by the World Cup and seasonal factors will not sustain stronger growth.
  • Limited monetary easing and fragile fiscal dynamics constrain policy support; downside risks prevail.

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Keywords for: 6 May 2026 LatAm Monitor

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