Key facts
- Mexico's economy grew 2.2% in the second quarter.
- Mexico's Q1 economic figures were revised upward.
- Mexico's finance ministry forecasts 1.8% to 2.8% growth for 2026.
- China's Q2 economic growth was 4.3%.
- China's leaders pledged incremental policies and accelerated fiscal spending.
- Japan's government lowered its economic growth forecast for the current fiscal year to 0.9%.
- Japan's previous growth forecast for the current fiscal year was 1.3%.
- Japan forecasts 1.1% growth for the following fiscal year.
- South Korea's industrial output rose 2.3% in June.
- South Korea's automobile sector drove industrial output growth.
- South Korea saw gains in retail sales and facility investment in June.
Mexico's economy demonstrated robust growth in the second quarter, expanding by 2.2%, which exceeded initial forecasts. This positive performance also led to upward revisions for the first quarter's economic figures. The nation's finance ministry has affirmed its growth forecast for 2026, projecting a range of 1.8% to 2.8%.
In China, top leaders have committed to incremental policy adjustments and accelerated fiscal spending to stimulate economic growth during the latter half of the year. The country's second-quarter growth rate registered at 4.3%. The Politburo acknowledged existing economic challenges but indicated that broad stimulus measures would be constrained by concerns over overcapacity and deflationary pressures.
Japan's government has revised downward its economic growth outlook for the current fiscal year, now anticipating 0.9% growth, a decrease from the previously projected 1.3%. This adjustment is attributed to the impact of elevated energy prices on household spending and corporate profitability. The forecast for the subsequent fiscal year remains more optimistic, with projected growth of 1.1%.
South Korea experienced a notable increase in industrial output, rising by 2.3% in June compared to the preceding month. This expansion was primarily fueled by a strong performance within the automobile sector. Additionally, the country observed gains in retail sales and facility investment during the same period.