World Economic Outlook
Coverage of World Economic Outlook in the Nexus archive.
- IMF lowers its Mexican forecast, citing ‘uncertainties’ and Mideast conflict
The International Monetary Fund (IMF) has lowered Mexico's 2026 growth forecast to 1.2% from 1.6% and its 2027 forecast to 1.9% from 2.2%, citing global uncertainties and the Middle East conflict. Mexican Finance Minister Edgar Amador countered, attributing the revision to external factors like energy market shocks and expressing confidence in outperforming the projections.
- IMF says prices have eased since US-Iran agreement but Gulf trade remains disrupted
The IMF reported that energy and commodity prices have decreased since the US-Iran agreement to halt hostilities and reopen the Strait of Hormuz, though Gulf trade disruptions persist. The IMF will reassess its global growth scenarios in its 8 July World Economic Outlook update, having previously warned of an 'adverse scenario' in May when the Strait remained closed and oil prices exceeded $100 a barrel.