Daily Latam | Mexico growth forecast for 2015 revised downwards from 3.5% to 2.5%

Summary

In Mexico the quarterly growth was 0.4%, with a significant contraction in agriculture, services and industry in March. Brazil surprised with sharp decline in its activity indicators for March, while the deterioration in the labour market continued; these results confirm our view of a contraction of GDP in 1Q15 and a negative contribution of private consumption in 1H15.

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