Mexico central bank cuts 2014 growth outlook to 2.0-2.8 pct

miércoles 13 de agosto de 2014 13:52 GYT
 

MEXICO CITY Aug 13 (Reuters) - Mexico's central bank cut its 2014 growth forecast for Latin America's second biggest economy on Wednesday after a weak first half of the year, curbing expectations for the second time this year.

The central bank cut its outlook for growth in 2014 to between 2.0 percent and 2.8 percent from a previous estimate of 2.3 percent and 3.3 percent, the bank said in its quarterly inflation report. The bank already had cut its outlook in May.

The central bank also said the annual inflation rate would fall back from a current level above 4 percent by the end of the year to near 3 percent at the start of next year. (Reporting by Michael O'Boyle)