The economic outlook for Mexico in 2024 has taken another hit as private sector analysts have once again downgraded their growth expectations. According to a recent survey conducted by the Bank of Mexico (Banxico), specialists now predict that the nation's Gross Domestic Product (GDP) will grow by just 1.6 percent in 2024, marking the fifth consecutive downward revision this year. This adjustment represents a 20-basis point drop from the previous forecast, reflecting growing concerns about the lack of economic dynamism in recent months.