Bank of Mexico Lowers Growth Forecast Amid Stubborn Inflation ...Middle East

The Bank of Mexico has slashed its economic growth forecast for this year and next, citing weaker foreign manufacturing demand and persistent inflation. According to the central bank's quarterly report released on Wednesday, Latin America's second-largest economy is now expected to grow by 1.5% in 2024, down from a previous forecast of 2.4%, and by 1.2% next year, compared to an earlier prediction of 1.5%.

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