Oct. 10 (Bloomberg) -- Mexico has no plans to revise its 2011 economic growth forecast of 4 percent, Miguel Messmacher, the Finance Ministry’s chief economist, said today in Mexico City.
``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.
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