MEXICO CITY, July 8 (Reuters) – Mexico Finance Minister Edgar Amador said on Wednesday that he expects the economy to perform better than the latest projections by the International Monetary Fund.
Amador’s comments in a press conference came after the IMF lowered its forecast for Mexico’s GDP to 1.2% for 2026, from a previous 1.6% estimate.
He noted that the revision carried out by the IMF, which also lowered Mexico’s GDP forecast for 2027 to 1.9% from a previous 2.2%, was not due to domestic factors.
“It was a global downward revision to the IMF’s estimates for world economies resulting from the shock to the energy market caused by tensions in the Persian Gulf,” he stated.
The minister also argued that IMF’s initial estimates for Mexico’s economy for 2025 were too pessimistic and the results were closer to the government’s predictions.
(Reporting by Ana Isabel Martinez and Aida Pelaez-Fernandez; Editing by Kylie Madry)
