Mexico Lowers 2015 Growth Forecast After Oil Production Decline
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Mexico’s government cut its forecast for growth this year, two days after a similar reduction by the central bank, as the economy posted its biggest month-on-month decline in almost two years.
Gross domestic product will expand 2.2 percent to 3.2 percent this year, down from a previous forecast of 3.2 percent to 4.2 percent, Deputy Finance Minister Fernando Aportela said at a news conference Thursday in Mexico City.