IMF now predicts Mexico’s economy will grow 1.5% this year
The International Monetary Fund (IMF) revised its projections for Mexico’s economic growth on Friday to 1.5% in 2026 and 1.8% in 2027, following a strong second-quarter economic performance, just three months after the organization had lowered this year’s growth forecast to 1.2%. Achieving the forecasted economic growth will depend on Mexico making a greater effort to reduce its debt through fiscal consolidation, according to the IMF, which warned that growth will likely remain constrained by external uncertainties. IMF lowers its Mexican growth forecast, citing ‘uncertainties’ and Mideast conflict The recent revision follows an official visit for an Article IV consultation mission to Mexico City in September, led by Gustavo Adler, IMF Deputy Division Chief in the Western Hemisphere Department. Mexico recorded the second-highest quarter-over-quarter economic growth among G20 countries in the second quarter of the year, at 1.4% on a quarter-over-quarter basis betwee...