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Published on Wednesday, October 22, 2025

Mexico | Outlook with a focus on US integration

Summary

This presentation reviews recent events related to the global economy, as well as forecasts focusing on Mexico, highlighting the most likely scenario, which is greater integration with the US.

Key points

  • Key points:
  • Mexico will help the US to secure supply chains and reduce China´s presence in NorthAmerica supply chains (to some extent).
  • Mexico’s role: critical partner in nearshoring and keeping US industry’s external competitiveness.
  • Mexico is key to contain migration flows to the US (mostly coming now from countries south of Mexico) before they reach the US border.
  • Mexico is under pressure to combat cartels and tighten control over precursors which will require more public resources and focus.

Geographies

Documents and files

Presentation (PDF)

Outlook with a focus on US integration

English - October 22, 2025

Authors

JS
Jorge Sicilia BBVA Research - Chief Economist of BBVA Group
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