Weekly Report - 10 March 2016 (WR-16-10)


MEXICO | Analysts cut growth forecast. The consensus economic growth forecast this year has fallen from 2.70% in January to 2.49% in February, Mexico’s central bank (Banxico) reported in the latest instalment of its monthly survey of local economists released on 2 March.
The downward revision was largely attributed to the recent announcement by the government that it will cut public sector spending as well as spending by the state-owned oil firm Pemex by M$132.3bn (US$7.4bn) in response to the lower level of projected government revenue expected this year as a result of the fall in international oil prices.

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