Weekly Report - 27 August 2015 (WR-15-34)

MEXICO | Finance ministry cuts growth forecast. On 20 August Mexico’s finance ministry (SHCP) announced that it was reducing its GDP growth forecast rate for the year from 2.25%-3.3% to 2%-2.8%. The SHCP said that this downwards revision was mainly due to the fall in international oil prices, which has resulted in lower levels of domestic oil production, and to the current “complex and volatile” global economic environment.

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