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Bank of Mexico Cuts 2023 Growth Estimate on Global Slowdown
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MEXICO CITY—The Bank of Mexico lowered its growth forecast for 2023 on expectations of slower global economic activity and weaker external demand for Mexican-made goods, particularly from the U.S.
The central bank expects gross domestic product to expand 1.6% next year, down from 2.4% previously.
“Prospects for global economic activity have...
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