IMF lowers its Mexican forecast, citing ‘uncertainties’ and Mideast conflict

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The International Monetary Fund (IMF) lowered its economic growth forecast for Mexico, attributing the revision to global uncertainties and conflict in the Middle East. However, Mexico's Economy Minister Edgar Amador contradicted this downgrade, citing better than expected recent economic performance.

The downgrade was immediately rebuffed by Economy Minister Edgar Amador, who said the IMF overrelied on external factors. He also noted that Mexico outperformed the IMF's forecast last year. The post IMF lowers its Mexican forecast, citing ‘uncertainties’ and Mideast conflict appeared first on Mexico News Daily