No Plans on Adjusting Mexico Economic Growth Forecast for 2014

Mexican Finance Minister Luis Videgaray on Wednesday supported his administration's recently adjusted Mexico economic growth forecast for 2014, saying things are picking up, helped by indications of a strengthening economy in the United States.

Videgaray says the gross domestic product forecast of 2.7 percent indicates a faster growth rate for the rest of 2014, after an adjusted 1.1 percent GDP figure in the first quarter.

A month ago the administration slashed its estimate for yearly growth in 2014 from 3.9 percent, and a week ago the central bank slashed its benchmark premium rate to a record . . .

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