Back
22 May 2015
Mexican growth revised lower – BBH
FXStreet (Edinburgh) - The research team at BBH reviewed the recent revision of the economic growth forecasts by the Mexican government.
Key Quotes
“The Mexican government cut its growth forecast for the year by a full percentage point”.
“The economy is now seen growing 2.2-3.2% this year vs. 3.2-4.2% previously”.
“The original forecast was 3.7% and had been cut once already. The government’s revision comes two days after Bank of Mexico Governor Carstens cut the central bank's growth forecast for the second time in three months”.
“The central bank now sees 2015 growth between 2-3%, down from 2.5-3.5% previously”.
Key Quotes
“The Mexican government cut its growth forecast for the year by a full percentage point”.
“The economy is now seen growing 2.2-3.2% this year vs. 3.2-4.2% previously”.
“The original forecast was 3.7% and had been cut once already. The government’s revision comes two days after Bank of Mexico Governor Carstens cut the central bank's growth forecast for the second time in three months”.
“The central bank now sees 2015 growth between 2-3%, down from 2.5-3.5% previously”.