Mexico central bank cuts growth outlook for 2015, 2016
MEXICO CITY May 19 (Reuters) - Mexico's central bank revised down its growth outlook for this year and next on Tuesday on weak export growth to the United States, a drop in domestic oil output and still sluggish consumer demand.
The central bank, in its quarterly inflation report posted on its website, said it now saw growth in 2015 between 2.0-3.0 percent, down from the 2.5-3.5 percent in its last report.
The bank also lowered its 2016 forecast to between 2.5-3.5 percent from 2.9-3.9 percent in the prior report.
The Banco de Mexico said it saw inflation slightly below its 3 percent target in the second half of the year. (Reporting by Michael O'Boyle and Luis Rojas)
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