BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited 
Wall Street Futures Slip as Tech Stocks Struggle Ahead of Key US Economic Data 
Bank of Japan Poised for Historic Rate Hike as Inflation Pressures Persist 
Oil Prices Slip in Asia as 2026 Supply Glut Fears and Russia-Ukraine Talks Weigh on Markets 
Asian Stocks Edge Higher as Tech Recovers, U.S. Economic Uncertainty Caps Gains 
New Zealand Budget Outlook Shows Prolonged Deficits Despite Economic Recovery Hopes 
Singapore Growth Outlook Brightens for 2025 as Economists Flag AI and Geopolitical Risks 
Korea Zinc to Build $7.4 Billion Critical Minerals Refinery in Tennessee With U.S. Government Backing 
Japan PMI Data Signals Manufacturing Stabilization as Services Continue to Drive Growth 
Asian Currencies Slip as Dollar Strengthens; Indian Rupee Rebounds on Intervention Hopes 
Silver Prices Hit Record High as Safe-Haven Demand Surges Amid U.S. Economic Uncertainty 
U.S. Dollar Slips Near Two-Month Low as Markets Await Key Jobs Data and Central Bank Decisions 
Australian Consumer Sentiment Slumps in Early December as Inflation Fears Resurface 
U.S. Stock Futures Edge Higher as Micron Earnings Boost AI Sentiment Ahead of CPI Data 
Asian Currencies Trade Sideways as Dollar Weakens Ahead of Key U.S. Data 
Trump Orders Blockade of Sanctioned Oil Tankers, Raising Venezuela Tensions and Oil Prices 
U.S. Dollar Steadies Near October Lows as Rate Cut Expectations Keep Markets on Edge 
Mexico’s finance ministry has revised its 2025 economic growth forecast to between 1.5% and 2.3%, down from the previous 2.0% to 3.0% range, citing persistent supply shocks and declining residential investment. The new forecast, described as “conservative,” contrasts with lower projections from the private sector and the Bank of Mexico, as fears of a looming recession intensify.
Latin America’s second-largest economy contracted in Q4 2024 and again in January, signaling the possibility of a technical recession if Q1 2025 also shows negative growth. A central bank poll revealed private sector analysts now expect just 0.5% growth this year. Meanwhile, the Bank of Mexico forecasts a 2025 GDP range between -0.2% and 1.4%.
The finance ministry attributed the downgrade to continued supply chain disruptions and uncertainty surrounding U.S. trade policy, which is dampening business sentiment. Nevertheless, it expects growth to be supported by domestic consumption, job creation, and strategic investments. For 2026, GDP is projected to grow between 1.5% and 2.5%.
President Claudia Sheinbaum, who took office in October amid the nation’s largest budget deficit since the 1980s, faces increasing pressure but has avoided sweeping fiscal reforms. The 2025 budget deficit is estimated between 3.9% and 4.0%, falling to 3.2%-3.5% in 2026.
Inflation is expected to ease to 3.5% by the end of 2025, aligning with the central bank’s target range. By 2026, it’s projected to decline further to 3.0%. The Mexican peso is forecast to close 2025 at 20.0 per U.S. dollar and strengthen slightly to 19.7 in 2026. Crude oil production is expected to average 1.762 million barrels per day in 2025, rising modestly to 1.775 million bpd in 2026.
