Sunday, November 23, 2014

Mexico Lowers 2014 Growth Forecast to 2.1-2.6% Range

Mexico’s government on Friday revised its growth forecast downward for 2014 from 2.7 percent to a range of between 2.1 percent and 2.6 percent, attributing the decision to a drop in oil production. Speaking at a press conference, Deputy Finance Secretary Fernando Aportela also said the government is altering its gross domestic product forecast for 2015 from 3.7 percent to a range of between 3.2 percent and 4.2 percent.

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