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
Mexico

More Decline in Economic Growth Forcasted for Mexico

The GDP's growth rate is forecasted to be around 2 percent at the end of the year

Bank of Mexico, photo: Wikimedia/Thelma Datter
By The News Whatsapp Twitter Facebook Share
1 year ago

According to the Business Coordination Council (CCE), the Mexico’s economic growth continues to decelerate and the second half of the year will again see low growth rates. The GDP growth rate is forecasted to be around 2 percent at the end of the year, and the CCE added that the continuation of these conditions into 2017 should be avoided at all costs.

Juan Pablo Castañon, president of the CCE, said that this less-than-optimistic view of the short to medium-term future is due to external factors, but also internal ones.

“The symptoms of economic weakness continue to build upon themselves, showing signs of stagnation caused by fear of high rates of inflation. The price of many services is obviously not immune to the gross devaluation of the peso, which can be seen in the rise in price of gasoline, light and other services,” he said. “As we continue to watch the decline in both public and private investments, we must understand the implications of restrictive economic policies at this moment, and consider they will not come without negative effects to growth.”

Comments Whatsapp Twitter Facebook Share
More From The News
Latest News

Fast-moving flames force people to flee ...

2 days ago
Entertainment

Prosecutors: No charges against conducto ...

2 days ago
Latest News

Southern snowfall isn't deep, but many f ...

2 days ago
Latest News

New Mexico school shooter left note plot ...

2 days ago
Most Popular

Mexico's Industries seek U.S. Partner Co ...

By Rosalba Amezcua
Business

Cuba to Lift Penalty on Dollar but Warns ...

By The Associated Press
Business

Switzerland to Hand Venezuela Oil Firm B ...

By Reuters
Business

Mexico and Germany Sign Agreement Suppor ...

By Notimex
Business

New Delivery App Rappi Says It's Not Sel ...

By Caitlin Donohue
Business