IMF lifts Mexico’s growth forecast up a tick, while reducing global expectations
Even as it reduced its global growth forecast for the year to 3.1%, the International Monetary Fund (IMF) upgraded Mexico’s forecast by one-tenth of a percentage point, to 1.6% for 2026, recognizing its recovery from a year of stagflation. The IMF’s lowered expectations for the world as a whole were based on the Iran war. “Before the war, we were preparing to revise our forecasts upward to 3.4%,” the IMF’s chief economist, Pierre-Olivier Gourinchas, was reported as saying. Kristalina Georgieva heads the IMF, which issued economic forecasts for Mexico, Latin America and the world as its annual meeting began on Monday in Washington, D.C. (IMF) But the pessimism is expected to be temporary. “Our baseline forecasts are based on a relatively short conflict, with a temporary disruption to the energy market that would disappear next year,” Gourinchas added. As for Mexico, the IMF raised its growth expectations to 1.6%, one-tenth of a percentage point higher than projected in January. A...