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Mexico revises down 2016 growth outlook to 2.0-2.6 pct
August 22, 2016 / 5:35 PM / a year ago

Mexico revises down 2016 growth outlook to 2.0-2.6 pct

MEXICO CITY, Aug 22 (Reuters) - Mexico’s government on Monday revised down its forecast for 2016 economic growth to 2.0-2.6 percent from 2.2-3.2 percent after the economy shrank in the second quarter for the first time in three years.

The contraction comes after a slump in crude oil prices and weak U.S. demand for Mexican-made factory goods hammered the economy. (Reporting by Gabriel Stargardter)

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