The International Monetary Fund is forecasting a nearly double-digit recession for Latin America and the Caribbean in 2020
The new arrangement will bolster market confidence at a time when trade uncertainty, a sharp pullback in capital from emerging markets, and increased risk premiums pose continued external risks to the Mexican economy
The managing director of the International Monetary Fund (IMF) warned that poverty should be addressed without delay
The downward revision was due to a decrease in private investment and growing risks in global trade
Mexico would continue to work on diversifying trade, protect foreign investment, review possible changes to tariff barriers, and prepare a macroeconomic response from the finance ministry and the central bank
The international organization changes the projection from 1.7% to 1.9%
The International Monetary Fund slashed Mexico's growth forecasts from 2.3% to 1.7% for 2017.
The International Monetary Fund cut its 2017 growth forecast to 2.2 percent from 2.6 percent
The cut is due to exports' weaker-than-expected performance