Mexico Projects 3.7% Economic Growth for 2015

Mexico's government sees the economy accelerating further in 2015 to a 3.7% growth rate, according to a person with knowledge of the matter, as domestic demand keeps recovering from this year's tax increases and a weak construction sector.

The growth estimate for next year is included in the federal budget the Finance Ministry is sending to Congress late Friday, according to the person.

The 3.7% economic growth would be in line with the consensus of analysts and is an improvement from the 2.7% expansion seen by the government for this year.

Mexico's economy has . . .