Weekly Report - 22 April 2010 (WR-10-16)

MEXICO | IMF forecast. The IMF has raised its forecast for Mexico's GDP growth in 2010 from 4% to 4.2%. The forecasts come in the World Economic Outlook. The IMF reckons that the Mexican economy will benefit from faster US economic growth, though domestic consumption and investment remain weak. For 2011 the Fund now expects Mexican GDP to grow by 4.5%. This is lower, however, than the previous IMF forecast for 2011 which had been 4.7%. In 2009 the Mexican economy contracted by 6.5% after growing by 1.5% in 2008.

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