Mexico’s economy grew less than expected in the first quarter because of weak domestic demand and anemic expansion of industrial activity, and the figures suggest the government could significantly cut back its 2014 growth estimate later on Friday.
Latin America’s No. 2 economy grew 0.3 per cent in the first quarter from the last three months of 2013, when it expanded by a downwardly revised 0.13 per cent, the national statistics institute said on Friday.
A Reuters poll had forecast growth of 0.46 per cent.
More government spending on infrastructure this year has helped pull . . .