Bloomberg News

Banxico Cuts 2011 Growth Forecast to 3.5% to 4%

November 09, 2011

(Corrects 2012 growth forecast in second paragraph.)

Nov. 9 (Bloomberg) -- Mexico’s central bank cut its forecast for economic growth this year to between 3.5 percent and 4 percent from 3.8 percent to 4.8 percent, the bank said in its quarterly inflation report.

The estimate for next year was also reduced, falling to between 3 percent and 4 percent from 3.5 percent to 4.5 percent, the bank said today.

To contact the reporter on this story: Nacha Cattan in Mexico City at ncattan@bloomberg.net.

To contact the editor responsible for this story: Philip Sanders at psanders@bloomberg.net.


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