MEXICO CITY, Aug 31 (Reuters) - Mexico’s central bank on Wednesday lowered its 2016 and 2017 growth forecasts, after weaker-than-expected growth in the second quarter in Latin America’s No. 2 economy and a sluggish U.S. economic expansion.
In its quarterly inflation report, the central bank lowered its 2016 growth forecast to between 1.7 - 2.5 percent compared to a previous estimation of 2.0 - 3.0 percent. It now saw 2017 economic growth of between 2.0 - 3.0 percent versus a previous 2.3 - 3.3 percent. (Reporting by Michael O’Boyle)