Mexican Economic Growth Slows to 1.1 Percent in 2013, Worst Result in 4 Years Reuters
go to original February 22, 2014

Mexican growth slowed more than expected in the fourth quarter as industrial expansion ground to a halt and the pace of services growth dropped, data showed on Friday, pointing to a fragile economic recovery.

Gross domestic product grew 0.2 percent last quarter compared to the prior three months, below expectations for a 0.45 percent expansion in a Reuters poll and falling short of the upwardly revised 0.95 percent growth in the third quarter.

Mexico's central bank last week said growth is picking up, but that the economy is still recovering from a slowdown. Policymakers are expected to hold interest rates at a record low of 3.5 percent this year as anemic growth offsets a jump in inflation.

Read the rest at Reuters

We invite you to add your charity or supporting organizations' news stories and coming events to PVAngels so we can share them with the world. Do it now!