Because nothing says “commercial friendship” like sinking your neighbor with taxes
The Mexican Institute of Finance Executives (IMEF), those soothsayers of the economy that never fail (except when they do), released their latest prediction: if the United States continues playing “tariff punishment” with Mexico, the economic slowdown will become a recession worthy of a soap opera. And no, it is not an episode of “La Rosa de Guadalupe”, this is real.
The trigger? Tariffs, that brilliant strategy that makes everyone lose, especially when applied to products like tomatoes. Because, of course, what better way to demonstrate power than to charge more for guacamole ingredients?
From bad to worse: the IMEF adjusts its figures (downwards, obviously)
The institute, in an act of inverse optimism, cut its GDP growth projection for 2025 from the already pathetic 0.6% to a desolate 0.2%. Come on, not even a bureaucrat’s salary increase is enough to compensate for that blow.
According to Víctor Manuel Herrera, president of the IMEF Economic Studies Committee, the economy has been in free fall for months since the end of 2024, coinciding with the judicial reform and the eternal circus of government changes in Mexico and the US. Chance? No, just the karma of bad planning.
And if that were not enough, construction is already in survival mode, and companies like Stellantis and Nissan are announcing temporary stoppages. The next step? Layoffs. Because, apparently, the strategy is to turn workers into resume experts.
Recession? “It’s very likely,” say those who know (or should)
Gabriela Gutiérrez Mora, president of the IMEF, made it clear: the economy already smells of recession. With the United States faltering and Mexico following suit, the scenario is as encouraging as a soccer match where both teams lose.
If things continue like this, we will lose jobs and purchasing power. But don’t worry, experts say: If the recession is “brief and not very deep,” the recovery will be quick. Sure, like when you fall down the stairs but “only” break your arm.
Solution? Resolve the trade conflict with the US as soon as possible. Or, failing that, start growing tomatoes in the White House garden.
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