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31 Oct 2019, Radoslav Yordanov, EMIS Editor

UN’s ECLAC sees Mexican GDP growing only 0.2% in 2019

The United Nations’ Economic Commission for LatAm and the Caribbean (ECLAC) lowered its 2019 GDP growth forecast for Mexico by 0.8% to 0.2%, CEEMarketWatch reported.

The downward revision was motivated by a worsening global outlook, weak public and private investment and slow execution of the budget, ECLAC’s Executive Secretary Alicia Barcena said.

This forecast is more negative than the market consensus and the projections of the IMF (0.4% growth) and the World Bank (0.6%). In this regard, CEEMarketWatch considers that the expansion of the local economy is likely to continue sliding in the coming months.

Sign in and read the full article in emis.com, and find out more about EMIS. Original source: CEEMarketWatch