Slowing Mexican economy misses growth forecast

Mexico's economy grew at a more tepid pace than projected in the fourth quarter to cap last year's growth at 2 percent, slowing amid inflation, political uncertainty and declining oil production.

Mexico's economy has grown at sluggish rates during the administration of President Enrique Pena Nieto, who had promised to supercharge growth through key economic reforms, with the 2013-14 opening of the state-dominated oil industry.

Source: Reuters