MEXICO CITY, June 4 (Reuters) – Mexico’s economy could grow more than the OECD’s latest forecast, Finance Minister Edgar Amador Zamora said in an interview with newspaper Milenio published late on Wednesday, arguing that a planned surge in public investment and government measures to contain inflation would support activity.
• The OECD now expects Mexico’s economy to expand 0.8% in 2026 and 1.8% in 2027, though it warned that growth would be held back by trade tariffs, slower U.S. growth, global uncertainty and fiscal consolidation that would keep public investment contained.
• Amador told Milenio that weaker forecasts were not unique to Mexico and reflected a broader hit from higher energy costs tied to geopolitical conflict.
• He said the government had an investment package worth more than 700 billion pesos ($40.50 billion) for coming months, focused on infrastructure including roads, ports and electricity generation, which he said would lift activity starting this quarter.
• The OECD’s Latin America outlook, however, said Mexico’s economy weakened sharply at the start of 2026, while private investment remained weak and public spending was constrained by efforts to reduce the fiscal deficit.
• The OECD also said Mexico’s growth outlook remained clouded by uncertainty surrounding trade with the United States, noting that exports outside sectors such as computer equipment were likely to be hurt by tariffs and slower U.S. demand.
• Amador said international forecasts had underestimated Mexico before. “It would not be the first time,” he said. “Last year they told us we were going to fall into recession and we ended up growing almost 1%.”
($1 = 17.2850 Mexican pesos)
(Reporting by Kylie Madry, Editing by Louise Heavens)
Comments