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Mexico Grows Less Than Forecast Reinforcing Rate Cut Outlook

Mexico’s economy grew less than analysts expected in the first quarter, fueling bets policy makers will cut interest rates again this year.

Gross domestic product in the first three months of the year rose 0.8 percent from the year-ago period, less than the 1.1 percent median estimate in a Bloomberg survey of 18 economists. GDP grew 0.5 percent from the previous quarter, an annualized rate of 1.83 percent. The median estimate from seven analysts surveyed by Bloomberg was for a 0.3 percent gain.