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2017-11-14   14:09:14   INGLÉS
Monex increases to 2.1 percent economic expectation of Mexico

Mexico, Nov.14 (Notimex) .- Financial Group Monex raised the Mexican economic growth projection to 2.1 percent (from 2.0 percent) by the end of 2017, due to the positive performance of the economy in the first semester.

Also, it slightly reduced the estimate of the advance of Gross Domestic Product (GDP) next year to 2.3 percent compared to the 2.5 percent expected, given the slowdown in industrial production, consumption, and investment in the second half of this year.

In a press conference to publicize the perspectives of the institution, the Deputy Director of Economic Analysis, Janet Quiroz, said that the correction of the economic expectation of 2018 is due to the uncertainty of the renegotiation of the North American Free Trade Agreement (NAFTA).

As well as the monetary policy to be followed by the Federal Reserve of the United States (Fed); the proposed fiscal policy of the US government and the electoral process in the country.

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