Moody's: Mexico will grow 3.1 percent in 2013

Mexico's economy will gain strength in the second half of this year and finish 2013 with gross domestic product growth of 3.1 percent, Moody's Investors Service said.

The forecast from the agency is in line with the latest projections from Mexican officials, who said domestic and external factors caused the economy to slow in the first half of this year.

"The Mexican economy has decelerated recently, but the current softness is more a product of cyclical deceleration and growth should resume toward the second half of this year," Moody's said.

Source: Efe