Mexico's Finance Minister Edgar Amador Zamora said the country's economic performance could top the OECD's latest forecast, pointing to an expanded program of public spending and government measures aimed at curbing inflation.
The OECD's projection calls for Mexico to expand by 0.8% in 2026 and 1.8% in 2027. The organisation cautioned that the outlook is constrained by a mix of factors - including trade tariffs, softer growth in the United States, broader global uncertainty and fiscal consolidation that may limit public investment.
In an interview published late Wednesday in the newspaper Milenio, Amador said that the weaker estimates in the international forecasts reflected pressures common to a number of countries and were in part a response to higher energy costs stemming from geopolitical conflict.
Amador said the Mexican government has prepared an investment package that tops 700 billion pesos ($40.50 billion) for the coming months. He said the package places emphasis on infrastructure projects - roads, ports and electricity generation - and that these measures would begin to stimulate activity starting this quarter.
The OECD's Latin America outlook noted that Mexico's economy weakened markedly at the start of 2026. Private investment was described as remaining weak, while public spending was being constrained by policies intended to reduce the fiscal deficit.
The organisation also highlighted uncertainty in Mexico's growth trajectory tied to trade with the United States, saying exports beyond industries such as computer equipment were likely to be affected by a combination of tariffs and slower U.S. demand.
Amador pushed back on the stringency of some international predictions, saying such forecasts have at times underestimated Mexico's performance. "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%."
This account presents the minister's view alongside the OECD's forecasts and assessment, detailing the government's planned public investment priorities and the external risks the OECD identifies. The information is limited to the statements and data provided by the minister and the OECD in the cited interview and outlook.