IMF downgrades Mexico growth forecast to 0.9 pct

Source: Xinhua| 2019-07-24 04:08:55|Editor: Mu Xuequan
Video PlayerClose

MEXICO CITY, July 23 (Xinhua) -- The International Monetary Fund (IMF) on Tuesday downgraded Mexico's economic growth forecast for 2019 to 0.9 percent, citing lackluster investment and private domestic consumption.

Those two factors amid the moderate expansion of the global economy spell slower growth, the agency said in its latest World Economic Outlook report.

The previous IMF forecast released in April called for Mexico's gross domestic product to expand by 1.6 percent.

However, the agency maintained its 2020 growth forecast at 1.9 percent.

Investment remains weak and private consumption has slowed down as a result of uncertainty generated by the political landscape, deteriorating confidence and increase in the cost of loans, the report said.

Latin America's No. 2 economy, after Brazil, Mexico had an economic growth of 2 percent in 2018.

Mexico's Central Bank (Banxico) also forecast a slowdown this year, with growth of between 0.8 and 1.8 percent.

Latin America as a whole is expected to see lower growth in 2019 of just 0.6 percent, 0.8 percent less than last year, the IMF said.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011105091382520131
国产无码在线观看免费在线,37pao国产成视频,日韩一区二区视频在线,国产国产人免费人成免费视频麻豆
在线人成视频播放午夜福利网站 | 亚洲欧美国产精品专区久久 | 亚洲制服丝袜中文字幕在线 | 性做久久久久久久久 | 日本一区中文字幕最新在线 | 日韩精品一区二区三区蜜桃视频 |