27 Aug 2013
by Mauricio Gonzalez and Ernesto Cervera
Executive Summary The slackened pace of economic growth in Mexico was a constant theme of economic news last week, beginning with reports rounding out the first half of the year. During the second quarter, the Mexican economy expanded at a lackluster pace of 1.5% compared to the same period a year earlier. We at GEA had expected a 2.3% expansion, the Ministry of Finance a 2.5% rise, and the market consensus estimated a 2.39% increase. A drop in government spending on public works, an erosion of private household consumption (owing to the combination of a drop in income from household remitt...
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