Mexico Has No Plans to Revise 4% GDP Forcast, Messmacher Says
``If you had asked me two weeks ago, I would have said that maybe there was more of a downside risk, but in the last two weeks the data in the U.S. has done better than expected,'' Messmacher said. ``I would expect that we won't move it,'' he added, referring to the government's forecast for economic growth of 4 percent this year.
Messmacher, speaking at an event in Mexico City, also said that Mexico’s economy may see a significant expansion in the newt few years and that there are no plans to revise the current economic growth forecast for this year of 4 percent.
Speaking afterward, Messmacher said that recent U.S. economic reports have helped to reverse the downward risk of Mexico’s economy.
To contact the reporter on this story: Nacha Cattan in Mexico City at email@example.com
To contact the editor responsible for this story: Robert Jameson at firstname.lastname@example.org
Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.