Poverty Readings MIxed

MEXICO - Report 14 Aug 2013 by Mauricio Gonzalez and Ernesto Cervera
Executive Summary Last week Banco de México (Banxico) released its quarterly assessment of inflation in which it lowered its economic growth estimate for the current year. The forecast interval for 2013 GDP was pared to 2.0%-3.0%, a full percentage lower than the 3.0% to 4.0% range the central bank had anticipated in its report for the first quarter. Banxico noted that the loss of momentum the Mexican economy has experienced since the second half of 2012 became more pronounced during the second quarter of 2013 amid an environment of falling growth rates in many emerging economies. That asse...

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