Bank of Mexico Governor Agustín Carstens - Photo: El Universal / File

Mexico central bank cuts 2017 growth outlook, cites possible U.S. risks

23/11/2016
13:51
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Banxico cut its 2017 economic growth outlook to between 1.5-2.5 percent versus a previous 2.0-3.0 percent

Mexico's central bank on Wednesday narrowed its 2016 growth forecast, and cut its 2017 outlook, adding it may revise estimates if new U.S. policies have a negative effect on Mexican exports and foreign investment in the country.

In its quarterly inflation report, the central bank tweaked its 2016 growth forecast to between 1.8-2.3 percent compared to a previous estimation of 1.7-2.5 percent.

It cut its 2017 economic growth outlook to between 1.5-2.5 percent versus a previous 2.0-3.0 percent.

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