LatAm Daily | In Mexico, Banxico cuts growth expectations for 2016 and 2017

In Brazil it was confirmed that the recession continued in the last quarter of the year and will do so in 2016. For this year we expect a contraction of 3% driven by declines in investment and private consumption. Banxico now expects growth in Mexico of between 2 and 3% by 2016. The cuts in the forecast are mainly attributed to the lower expected foreign demand.

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