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Mexico will take growth back in 2014: OECD

Admin | 30.11.2012

Developed economies’ conditions, where uncertainty prevails, reduces investment possibilities and pulls down domestic demand, which will result in a relaxed growth by Mexico, the Organization for Economic Development and Cooperation (OECD) said.

Developed economies’ conditions, where uncertainty prevails, reduces investment possibilities and pulls down domestic demand, which will result in a relaxed growth by Mexico, the Organization for Economic Development and Cooperation (OECD) said.

For this year, OECD is forecasting 3.8% growth over last year, and is considering a 3.3% forecast for 2013, according to the recently published “Economic Outlook”. OECD pointed-out that attention must be paid to macroeconomic conditions in Mexico to avoid creating tensions amidst an uncertainty context. Among OECD countries, Mexico will be the second economy with the highest growth forecast, only after Chile that will reach 5.2%.

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