Navigation
Suscribe
Menu Search Facebook Twitter
Search Close
Menu ALL SECTIONS
  • Capital Coahuila
  • Capital Hidalgo
  • Capital Jalisco
  • Capital Morelos
  • Capital Oaxaca
  • Capital Puebla
  • Capital Quintana Roo
  • Capital Querétaro
  • Capital Veracruz
  • Capital México
  • Capital Michoacán
  • Capital Mujer
  • Reporte Índigo
  • Estadio Deportes
  • The News
  • Efekto
  • Diario DF
  • Capital Edo. de Méx.
  • Green TV
  • Revista Cambio
Radio Capital
Pirata FM
Capital Máxima
Capital FM
Digital
Prensa
Radio
TV
X
Newsletter
Facebook Twitter
X Welcome! Subscribe to our newsletter and receive news, data, statistical and exclusive promotions for subscribers
Business

Mexico Lowers 2016 GDP Forecast, Sees 2.2 to 3.2 pct Growth

The SHCP is now predicting GDP expansion of 2.2 percent and 3.2 percent this year

Fernando Aportela Rodríguez participates in the "Combating Illicit Financing Together" forum by the Mexico Institute in Washington D.C., photo: Notimex
1 year ago

MEXICO CITY — Mexico is lowering its economic growth forecast for 2016, citing what it calls “adverse” international conditions including sluggish industrial production in the United States.

The Treasury and Public Finance Secretariat (SHCP) is now predicting GDP expansion of 2.2 percent and 3.2 percent this year. That’s down from its previous forecast of 2.6 percent to 3.6 percent.

Deputy Treasury and Public Finance Secretary Fernando Aportela Rodríguez said Friday that Mexico’s economy is also being hit hard by volatility in financial markets and low prices for oil, a key export.

Nearly 80 percent of Mexican exports go to the United States, the country’s main trade partner.

Mexico’s Central Bank (Banxico) also lowered its growth forecast recently, to between 2 percent and 3 percent.

Comments Whatsapp Twitter Facebook Share
More From The News
Mexico

Earthquake Death Toll Rises

3 hours ago
Mexico

After Quakes, Mexico Volcano Spews Vapor ...

3 hours ago
Mexico

Mexican Experts Rush to Inspect Damaged ...

9 hours ago
World

South Korea Says Natural North Korea Ear ...

13 hours ago
Most Popular

Oaxaca Businesses Shut Down to Protest T ...

By Reuters
Mexico

Alleged Cocaine Trafficker Arrested in M ...

By Notimex
Mexico

7.1 Magnitude Quake Kills 139 as Buildui ...

By The Associated Press
Mexico

Mexico Shocked By News: Girl Trapped in ...

By The Associated Press
Mexico

Help Still Needed in Xochimilco

By The News
Mexico