Weekly Report - 27 September 2005

MEXICO | IMF also adjusts growth outlook. The IMF has lowered its GDP growth outlook for Mexico this year to 3%, from 3.7% in April. It attributes the downgrading to weaker-than-expected performance in the first half of the year due to the deceleration of industrial growth in the US, with the concomitant decline in auto exports, and to weak agricultural production. Like most other forecasters it expects some recovery in the second half and predicts 3.5% growth for next year, up from 3.3%.

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