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Mexico ups its growth view for the year

Thursday, June 1, 2017

Mexico's central bank on Wednesday raised its 2017 growth forecast, a sign Latin America's No. 2 economy has proved resilient to policy proposals by U.S. President Donald Trump that were expected to harm exports and investment.

Mexico's first-quarter gross domestic product was stronger than forecast and 2017 growth should come in between 1.5 and 2.5 percent, up from a previous estimate of 1.3 to 2.3 percent, the bank said in its quarterly inflation report. The upgrade came after the finance ministry raised its growth outlook last week.

Source: Reuters