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Growth forecasts decline in Mexico for sixth month

Friday, March 6, 2015

Growth forecasts for Mexico declined for the sixth straight month as falling oil prices force the government to rein in spending and business confidence tumbles to the lowest in five years.

The economy will expand 3.08 percent this year, according to a central bank survey of analysts released Thursday, down from estimates of 3.29 percent a month ago and 3.85 percent in August.

Source: Bloomberg