| | |  Business News 
Mexico Maintains 2010 Growth Forecast at 3 Pct
 Robin Emmott - Reuters
go to original
January 30, 2010
Monterrey, Mexico - Mexico kept its 2010 economic growth forecast at 3 percent for 2010 on Friday, despite more favourable predictions by the International Monetary Fund and economists, but said it could revise it upward at a later date.
"The recent evolution of the economy suggests that the probability that growth could be more ... is considerable," the ministry said in a statement, but added it would be prudent and stick to its earlier forecast for the time being.
The IMF and economists see Mexico growing at nearer 4 percent this year, the ministry said.
Mexico is pulling out of its worst recession since the 1930s but is grappling with falling crude production, a lack of reforms and the sluggish economy in the United States, its top trading partner.
The ministry said the Mexican economy grew around 1.2 percent in the fourth quarter of 2009 from the third quarter of last year.
The finance ministry said Mexico ran a fiscal deficit of 56.393 billion pesos ($4.3 billion) in December MXPUFI=ECI.
Mexico posted a 38.52 billion peso government budget deficit in November.
Mexico posted a 274.511 billion peso ($20.95 billion) government budget deficit during the entire year, the ministry said.
(Editing by Jerry Norton)
|
|
| |
Vallarta Weddings
Tell a Friend
Site Map
Print this Page
Email Us