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 . . .
