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 This material may not be published, broadcast, rewritten or redistributed.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
Most Popular Stories
- Businesses, Investors Pressing for Green Policy
- 'The Voice' Sounds Different This Season
- NSHMBA to Rebrand With New Name, Logo
- Lower Used-Car Prices Roil the Auto Industry
- Chrysler and Google Launch Virtual Plant Tour
- Investors Fret Yahoo's Future, Stock Dips
- Perry Wants to Skip Court for Foreign Trip
- Liberty Power Helps USHCC Go Green
- Hispanic Designer Honored As Rising Star
- Porn Lovers Get a New Search Engine