Slow economic activity was confirmed in 2014, GDP grew 2.1% annually

Summary

According to INEGI, the quarterly growth rate (QoQ) of the fourth quarter of 2014 (4Q14) GDP was 0.7%, seasonally adjusted (sa), equivalent to an annual growth (YoY) 2.1%. This expansion was slightly down our estimates and the market (BBVA Research: 0.8% QoQ; Consensus: 0.9% QoQ).

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