Mexico's president says economy will grow above IMF estimate
Reuters
Published Jan 22, 2019 10:45AM ET
Mexico's president says economy will grow above IMF estimate
MEXICO CITY (Reuters) - Mexico's President Andres Manuel Lopez Obrador said on Tuesday that the country's economy will grow above the International Monetary Fund's estimate of 2.1 percent for this year.
"It's much better than what the International Monetary Fund says, that growth will be two points," Lopez Obrador told a news conference. "The economy is going to grow more, their estimate will be wrong."
Lopez Obrador's own budget, approved late last month, projected lower economic growth than the IMF estimate. In the budget the economy is forecast to expand 2 percent, compared with an estimated 2.3 percent in 2018.
The IMF lowered its growth target for Mexico from 2.5 percent earlier this month, on the expectation of weaker private investment.
Lopez Obrador took office in December, vowing to run an austere government, encourage private investment and root out corruption. However, his cancellation of a partially built, $13 billion airport project rattled investors.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.