Puerto Vallarta News

Puerto Vallarta News

IMF cuts Mexico growth outlook amid trade worries

The IMF revised its forecast for Mexican gross domestic product growth for 2016 to 2.1 percent from a 2.5 percent rate seen in July, according to its annual Article IV report on the country. It cut its 2017 growth forecast to 2.2 percent from 2.6 percent.

The IMF also said it was revising down its medium-term forecasts for the following years by about half a percentage point due to lower oil production and a weaker U.S. outlook.

U.S. President-elect Donald Trump has threatened to tear up the NAFTA trade deal and impose . . .

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