The IMF casts doubt on Mexico’s chances of cracking the top 10 of world economies by 2030
President Sheinbaum's economic policy blueprint, Plan México, envisions returning Mexico to being one of the world's 10 strongest economies. The International Monetary Fund has just issued a reminder that it won't be easy. The post The IMF casts doubt on Mexico’s chances of cracking the top 10 of world economies by 2030 appeared first on Mexico News Daily
The International Monetary Fund (IMF) has cast doubt on Mexico's chances of reaching the world's top 10 economies by 2030, stating that the goal is unlikely to be achieved until at least 2031 if at all. The IMF's latest World Economic Outlook, released on Tuesday, cited underinvestment as a major factor in its projection. President Claudia Sheinbaum, who presented her Plan México during her first 100 days in office, had previously announced the goal of returning Mexico to the world's top 10 economies.
However, the IMF now expects Mexico's maximum GDP growth rate during Sheinbaum's first term to be just 2.2%, which is not sufficient to reach 10th place among world economies. The IMF also noted that Mexico's projected annual growth rate for the end of the current decade will be lower than the Latin American average, with an expected average annual rate of 1.7% during Sheinbaum's term, compared to 1.9% under her predecessor Andrés Manuel López Obrador.
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