The International Monetary Fund (IMF) calculates that the economy of Latin America and the Caribbean will advance 2.4% in the current year and 2.7% in 2027, with significant differences between the countries in the region, according to the "World Economic Outlook" report released this Wednesday.
The organization led by Kristalina Georgieva points out that regional GDP will evolve this year along similar lines to 2025, while the improvement contemplated for the following year will be only "modest".
Among the large Latin American economies, Argentina will lead the GDP rebound in both 2026 and 2027, with increases of 3.5% and 4%, respectively, which implies maintaining unchanged the forecasts published in April.
In second place, Brazil will register growth of 2.4% in 2026 and 2.2% in 2027, that is, half a point and two tenths more than estimated three months ago. Mexico, for its part, will accelerate from the 0.5% forecast for 2025 to 1.2% in 2026 and 1.9% in 2027, although the IMF has cut these projections by four and three tenths.
"Growth in Brazil is expected to remain solid in 2026, although it will slow slightly next year. In Mexico, growth is expected to accelerate slightly thanks to less restrictive national policies, but uncertainty will continue to limit activity," the organization summarized.
Global Economic Outlook
According to the IMF, world GDP will slow to 3% in 2026 from the 3.5% forecast for 2025, before rebounding to 3.4% in 2027. These rates hide notable divergences between economies, stemming from upward revisions for energy exporters and technological leaders, compared to cuts applied to commodity-importing countries or those lagging in AI adoption.
Regarding international trade, the institution predicts that its pace will slow "drastically," going from an increase of 5% in 2025 to 3.5% in 2026, before recovering some momentum in 2027, when an advance of 4.3% is anticipated.
"This evolution reflects the concentration of activity in the early stages of tariff implementation and the burden they represent, as well as the gradual adjustment of trade links and production chains through [...] trade diversion and redirection and strong growth in technology-related trade flows," the IMF elaborated.
Regarding prices, the Fund projects that global inflation will be contained at 3.9% in 2027, after the rebound expected for 2026 to 4.7%, six tenths above 2025 due, above all, to energy and food. The IMF has revised upwards the inflation projection for 2026 by three tenths and for 2027 by two.