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OECD cuts Mexico's 2014 economic growth forecast

Tuesday, May 6, 2014


Mexico's economy will grow 3.4 percent this year, lower than a previous forecast of 3.8 percent, the Organization for Economic Cooperation and Development, OECD, said.

The country's economy is expected to grow despite the difficulties it faced due to a lower external demand and a drop in the construction sector, the organization said.

It added that among the risks to growth this year for Mexico are uncertainty in the U.S. recovery, which would have a particular impact on Mexico's manufacturing sector.

Full story (in Spanish)