Economic growth in Mexico in 2014 is estimated at 3.0%

MEXICO - Report 25 Feb 2014 by Mauricio Gonzalez and Ernesto Cervera
Executive Summary Last week Mexican authorities reported that fourth quarter 2013 GDP grew 0.7% year over year, the second weakest quarterly performance last year. As a result, the economy grew 1.1% in full year 2013, just as we at GEA predicted in December and the weakest reading of GDP since the 4.7% fall in output observed in 2009. GDP sectors turned in a mixed performance during the quarter. While industrial activity remained especially weak, falling -0.4% on a 12-month basis, the service sector rose 1.3% year over year. The negative results recorded in the sectors of construction and e...

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