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Central Bank of Mexico corrects growth forecast

Central Bank of Mexico corrects growth forecast

Posted by Ricardo Vázquez on November 19, 2014

During the presentation of the quarterly inflation report, central bank governor Agustín Carstens also announced that 2015 growth forecast was revised from 3.2 to 4.2% to 3 to 4%.

However, he assured that once the structural reforms are implemented, Mexico's economy could grow between 3.2 and 4.2% in 2016.

The Governing Board of the Bank of Mexico cut its growth forecast to 2 to 2.5% in 2014, less than the 2 to 2.8% previously expected.

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