Mexico’s Finance Ministry forecast the economy will expand 3.8 percent in 2013 and crude oil will sell for an average $87.2 per barrel next year, the Mexican newspaper El Financiero reported today.
The ministry said in a report to Congress on next year’s economy that it estimates the peso will average 12.80 per dollar, oil production will reach 2.55 million barrels per day and inflation will remain within the central bank’s target of 2 percent to 4 percent, El Financiero said. The report re-affirmed the ministry’s growth forecast for this year of about 3.5 percent, the newspaper said.
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