Fitch Raises Growth Forecast for Mexico Driven by USMCA Trade
1 report, 1 independent
Updated Sep 24
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What happened
Fitch Ratings raised its growth projection for Mexico to 1.4% for 2026, up from the previous forecast of 1.0%. The agency also projected 1.8% growth for 2027 and 2.0% for 2028. This upgrade was based on a rebound in the spring, where Mexican output rose 1.4% from the prior quarter between April and June.
From latintimes.com
Why it matters
The higher projections are supported by a stronger second quarter, the ongoing US artificial intelligence build-out, and a comparatively favorable tariff position. Fitch noted that the yearly USMCA review cycle remains a factor that can constrain investment.
From latintimes.com
Who's involved
- FitchRating agency responsible for the economic assessment