Mexico GDP Forecasts Raised: Banamex 2%, Banorte 1.9% vs 1.4% Median

Mexican banks Banamex and Banorte raised their 2026 GDP growth forecasts to 2.0% and 1.9%, respectively, up from a Citi Survey median of 1.4% as of October 20. The upward revisions suggest stronger-than-expected economic momentum, likely driven by recent data surprises. This shift in consensus could support risk appetite for Mexican assets and influence Banxico policy expectations.

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