The International Monetary Fund (IMF) has raised its global GDP growth forecast for 2025 to 3.0%, up from 2.8% projected in April, citing reduced impact from the US-China trade war and a weaker US dollar. The IMF also increased its 2025 growth estimates for major economies, including China, whose forecast was raised by 0.8 percentage points to 4.8%, reflecting stronger-than-expected activity and policy support. The US growth forecast for 2025 was revised upward to 1.9% from 1.8%, with the 2026 forecast also lifted to 2.0%. Meanwhile, the Eurozone's 2025 growth estimate remains steady at 0.7%. For Mexico, the IMF expects a modest GDP growth of 0.2% in 2025, an upward revision from a previous forecast of a 0.3% contraction, despite ongoing economic uncertainties. Mexico's economy grew 0.7% in the second quarter of 2025, surpassing market expectations, with a 1.2% increase compared to the same period in 2024. This growth was driven by expansions in the secondary and tertiary sectors, including manufacturing and investment. Household incomes in Mexico have risen, with average monthly incomes increasing by 10.6% from 2022 to 2024, and household spending on food averaging 5,994 pesos per month, accounting for nearly 38% of income. The tourism sector in Mexico also recorded a 0.3% growth in the first quarter of 2025. Despite these positive indicators, private sector analysts and Banxico project a cautious economic outlook for Mexico with a growth estimate of around 0.2% for 2025, reflecting a slowing economy. The IMF's upgraded global outlook is attributed to easing trade tensions and a weaker dollar cushioning tariff impacts, although it warns of ongoing risks and uncertainties in US policies.