Banking giants BBVA and Barclay’s sweeten their forecasts for Mexico’s 2026 economic growth
BBVA and Barclays increased their growth forecasts for Mexico’s Gross Domestic Product (GDP) this year from 1.5% to 1.7%, and from 1.2% to 1.8%, respectively, in new outlooks published by the two financial institutions on Tuesday. The new projections are far higher than the 0.8% GDP growth that BBVA expected for 2025. BBVA Mexico’s chief economist praised President Sheinbaum for driving mixed-ownership investments in both energy and infrastructure. (Facebook) Analysts at the two banks credited the Sheinbaum administration’s encouragement of greater private sector participation for the improved projections. BBVA Mexico’s chief economist, Carlos Serrano Herrera, praised President Sheinbaum for driving mixed-ownership investments in both energy and infrastructure. “A major bottleneck in the previous administration was the electricity sector,” said Carlos Serrano. “To overcome this, investment is needed, and it will have to be primarily private.” The OECD and the Bank of...