IMF cuts Mexico economic outlook as oil output falls
Wednesday, November 18, 2015
![](https://www.centralamericalink.com/storage/images/2017/02/07/201511181129190.imfMexico1811015.jpg)
The International Monetary Fund on Tuesday trimmed its economic growth forecasts for Mexico citing a decline in oil production, which funds nearly a third of the country's budget.
In its yearly analysis of Latin America's second-largest economy, the IMF also urged the central bank to taper foreign exchange intervention aimed at stemming the peso's deep slide, arguing it would sap reserves over time.
Source: Reuters