Mexico’s Economic Growth Expected to Be 2.1% in 2013

FocusEconomics made the expectation this September that the Mexican economic growth in 2013 would be 2.1% (The expectation in the beginning of 2013 was 3.9% and later declined to 1.8% in mid-2013). The current expectation shows a slight increase. However, the company still thinks that the economic condition has become “not that good” since Q2 2013 and it will last for 6 to 9 months.

The expert forecast that, due to the recession of U.S. economy (especially the stagnant industrial manufacturing in the U.S.), Mexican economy would be affected continuously. In addition, FocusEconomics also forecast that the Mexican economic growth would reach 3.7% to 4.3% by 2014.