Jan. 2 (UPI) -- Mexico closed 2025 with weak economic growth and is heading into 2026 with limited expansion prospects, keeping the country among the least dynamic economies in Latin America, according to local projections and estimates from United Nations agencies.

Mexico's central bank, Banco de México, cut its gross domestic product growth forecast for the end of 2025 by half, to 0.3% from 0.6% estimated in August.

With that outcome, Mexico's economy will post two consecutive years of growth below the average for Latin America and the Caribbean, according to estimates from the Economic Commission for Latin America and the Caribbean.

According to the Survey of Private Sector Economists' Expectations published in October, analysts consulted by Banco de México lowered their 2025 GDP growth estimate to 0.5%.

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