World Cup spending fuels Mexico’s second-quarter economic rebound
The Mexican economy grew 1.5% in the second quarter of 2026 compared to the previous three-month period, according to preliminary data, recovering from a 0.6% contraction in the first quarter of the year . The quarter-over-quarter growth rate, reported by the national statistics agency INEGI on Thursday, was the best result for the Mexican economy since the final quarter of 2020. INEGI also reported that Mexico’s economy grew 2.1% annually in the second quarter of 2026, up from a 0.4% year-over-year expansion in the first quarter. Both the quarter-over-quarter and annual growth rates came in above the median forecasts of economists surveyed by Reuters. On social media , Banco Base’s director of economic analysis, Gabriela Siller, wrote that it is “estimated that approximately two-thirds of the quarter-over-quarter growth was due to the World Cup effect, with the remainder the result of a rebound effect following the contraction in the first quarter.” She sa...