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Published on Thursday, May 21, 2015 | Updated on Thursday, May 21, 2015

Mexico | The annual GDP growth for 2015 was revised downwards from 3.5% to 2.5%

According to INEGI, the GDP growth in the first quarter of 2015 (1Q15) was 0.4% quarterly (QoQ), seasonally adjusted (sa), and 2.5% in annual terms (YoY). This expansion was in line with our forecast and the market´s (BBVAe: 2.5% YoY; consensus: 2.4% YoY, sa).