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OECD paints a rosier picture on Mexico economy

Tuesday, May 22, 2012

The Organization for Economic Cooperation and Development sees a slightly brighter picture for Mexico's economic growth this year and next, while warning that ongoing uncertainty over Europe's debt crisis and the US recovery linger as the key downside risks.

In its economic outlook, the OECD is expecting Mexico's gross domestic product to expand 3.6 percent in 2012, up from the 3.3 percent growth it had estimated earlier.

For next year, the OECD sees a 3.8 percent expansion for Latin America's second-largest economy, compared with the previous 3.6 percent.

Source: Dow Jones