MEXICO CITY, July 8 (Reuters) - Mexico Finance Minister Edgar Amador said ‌on Wednesday that he expects the ‌economy to perform better than the latest ​projections by the International Monetary Fund.

Amador's comments in a press conference came after the IMF lowered its forecast for ‌Mexico's GDP ⁠to 1.2% for 2026, from a previous 1.6% estimate.

He noted ⁠that the revision carried out by the IMF, which also lowered Mexico's ​GDP forecast ​for 2027 to ​1.9% from a ‌previous 2.2%, was not due to domestic factors.

"It was a global downward revision to the IMF's estimates for world economies resulting from the shock to ‌the energy market ​caused by tensions in ​the Persian ​Gulf," he stated.

The minister also ‌argued that IMF's initial ​estimates for ​Mexico's economy for 2025 were too pessimistic and the results were ​closer to ‌the government's predictions.

(Reporting by Ana ​Isabel Martinez and Aida Pelaez-Fernandez; Editing ​by Kylie Madry)