Mexico's central bank slashes growth forecast

Mexico was supposed to have been one of the crude producing countries best able to weather the oil price shock because of its strong manufacturing sector and close export ties to the recovering US economy.

Yet those hopes have proved short lived.

After announcing GDP growth of around 2.1 per cent in 2014, the Bank of Mexico has slashed its forecast for this year to between 2.5 per cent and 3.5 per cent.



Source: Financial Times