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LatinNews Daily - 01 September 2021

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In brief: Mexico’s Banxico revises up GDP growth forecast

* Mexico’s central bank (Banxico) has revised up its GDP growth forecast for 2021 to 6.2% in its latest quarterly financial report (for April-June 2021), up from 6% in its previous quarterly report. It cited as grounds for the revision better than expected growth in the second quarter of 2021, which posted 19.6% growth compared with the same quarter in 2020. Banxico also said that progress in the rollout of the vaccination against the coronavirus (Covid-19) and “a context of better mobility and opening of various activities, principally the services sector”, resulted in the continued expectation that “the gradual reactivation of economic activity would continue in the second half of 2021 and in 2022, supported both by domestic and external demand”.