Mexico Central Bank Lowers Growth Forecast on Weak Recovery

08/13/14 Bloomberg

banco de mexicoMexican policy makers lowered their 2014 growth forecast for the third time as Latin America’s second-largest economy struggles to bolster consumer sentiment and spending.

Gross domestic product will rise 2 percent to 2.8 percent this year, down from the previous forecast of 2.3 percent to 3.3 percent, the central bank said in its quarterly inflation report today. The forecast for next year was left unchanged at 3.2 percent to 4.2 percent.

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