Mexico Economy Stalls, Bolstering March Rate Cut Forecasts

From bnnbloomberg.ca

Mexico’s economy barely grew in the fourth quarter, bolstering the chances that the central bank will join the regional trend for interest rate cuts as soon as next month. Official data released Thursday showed gross domestic product expanded 0.1% in the October-December period compared to the previous quarter, as manufacturing and construction activity contracted. The result was in line with the median estimate of economists surveyed by Bloomberg. From the same period a year earlier, GDP grew 2.5%. For the whole year, output expanded 3.2%. Mexico is the only major inflation-targeting economy in Latin America that ... (full story)