Banxico raises 2026 GDP forecast to 1.5% on strong second quarter
The Bank of Mexico lifted its growth estimate by 0.4 points in its quarterly report published August 26, citing improved activity but warning of global uncertainty.
By Diego Lozano · 9wBanxico raised its 2026 GDP growth forecast to 1.5%, an increase of 0.4 points from the previous estimate of 1.1%, in its April-June quarterly report published on August 26. The central bank set a range of 1% to 2%, narrowing the band from the previous 0.5%-1.7%.
The revision follows strong second-quarter performance, but Banxico Governor Victoria Rodriguez stated that while the Mexican economy shows improvement, its potential is limited. The bank expects prevailing slack conditions to persist because the economic activity recovery will be moderate, implying no anticipated demand pressures on prices.
Banxico identified the resurgence of tensions between the United States and Iran in July as a factor reigniting uncertainty for the global economy. Looking ahead, the bank forecast that the pace of economic growth will quicken to 2% in 2027, a revision down from a 2.1% prediction in the first quarter report.
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