Bloomberg News

Mexico Analysts Raise GDP Forecast for Fifth Straight Month

June 01, 2012

Mexico economists raised their estimate for economic growth this year for the fifth consecutive month, according to a central bank survey.

Gross domestic product will expand 3.72 percent, the poll of 29 economists showed, up from 3.62 percent in the previous survey. Inflation forecasts for this year declined for a third month, dropping to 3.65 percent from 3.68 percent the month before. Estimates for 2013 inflation slid to 3.65 percent from 3.7. The survey was taken May 16 to May 30.

Mexico’s central bank last month raised its 2012 economic growth forecast to a range of 3.25 percent to 4.25 percent.

Remittances climbed to $2.03 billion in April from $1.87 billion in the same month last year, the central bank said today, more than the $1.95 billion median forecast of eight economists surveyed by Bloomberg.

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

To contact the editor responsible for this story: Joshua Goodman at jgoodman19@bloomberg.net.


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