Saturday, 18 May 2013 03:12
Posted by Abdul Ahad
MEXICO CITY: Mexico cut its 2013 growth forecast on Friday after the economy expanded less than expected in the first quarter due to slumping industrial production and near stagnant exports.Latin America's second biggest economy after Brazil is now expected to grow by 3.1 percent this year instead of 3.5 percent, the finance ministry said.The forecast was revised after Mexico posted growth of just 0.8 percent in the first quarter compared to the same January-to-March period ...