Less Rosy Economic Growth for Mexico

By: PanAm Post Staff - Aug 21, 2013, 1:40 pm

The Mexican Government has downgraded its forecast for 2013 economic growth from 3.1 percent to 1.8 percent, due to “transitory shocks generated during the first half of 2013 from the external sector such as a slowdown in external demand, initiated in 2012,” according to an official statement.

The quarterly adjustments is the first downgrade the country has had since 2009, when Mexico went through a deep recession caused by the bursting of the housing bubble in the United States.

Source: Prensa Libre. Read More »