LatinNews Daily - 13 August 2026

*Citi México, a local financial group operated by US multinational investment bank and financial services corporation Citigroup Inc, has raised its growth forecast for Mexico for 2026 to 1.3%, up from 1.1% previously, on local press reports. In a press conference held to present Citi México’s economic forecasts for the third quarter of 2026, its head economist Julio Ruiz attributed the revision upward to significant momentum in machinery and data-processing exports, saying that this highlights the integration of Mexican industry into the US artificial intelligence (AI) supply chain. Ruiz also noted growth recorded by the construction sector in the second quarter which he said is most likely linked to the infrastructure investments made to accommodate the visitors who came for the Fifa World Cup. However, he said that there was little sign that this momentum would be consolidated beyond the second quarter. According to the same press reports, Citi México is forecasting that Mexico’s economy will expand 2% next year, which would bring it closer to the average GDP recorded since 2000 – a figure Citi México considers a benchmark for Mexico’s potential growth. However, Ruiz said that this is subject to two factors – certainty generated by the review of the US-Mexico-Canada Agreement (USMCA), which on 1 July Washington opted not to renew for another 16 years, instead triggering an annual review process, and a visible execution of the infrastructure plan outlined in the government’s ‘Plan México’ which aims to boost domestic industry and supply chains. Mexico’s GDP grew 0.6% in 2025 according to the International Monetary Fund (IMF).

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