News Column

Mexico Cuts Growth Forecast

November 21, 2013

The Mexican government has again lowered its forecast for the nation's economic growth this year to 1.3 percent, after the National Statistics Institute announced the country's GDP expanded only 1.3 percent in the second quarter of 2013, compared to the same quarter of 2012.

That's down from the 3.5 percent full-year growth prediction issued earlier this year.

But the third-quarter growth was higher than the 1 percent predicted by the Finance Department. And the Statistics Institute revised second-quarter growth in GDP to 1.6 percent, from earlier estimates of 1.5 percent.

The Finance Department said Thursday that growth should increase in the fourth quarter, to about 1.7 percent.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Original headline: Mexico cuts growth forecast to 1.3 percent

Source: Copyright 2013 The Associated Press. All rights reserved.

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters