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Mexico central bank pares growth forecast again

Wednesday, May 20, 2015

Mexico's central bank has cut its 2015 growth forecast for the second time in three months as the country grapples with the fallout from lower oil prices and weaker-than-expected growth in the US.

Its new goal for 2015 is between 2 and 3 per cent, down from the 2.5-3.5 per cent range it established in February and a far cry from 3-4 per cent range the central bank had originally pencilled in for this year.

Source: Financial Times