As expected, Banxico lowered its real GDP growth forecast for 2014 with a new range of 2.3% to 3.3%
Published on Thursday, May 22, 2014
As expected, Banxico lowered its real GDP growth forecast for 2014 with a new range of 2.3% to 3.3%
Summary
The adjustment was somewhat larger than anticipated, while the inflation outlook remained unchanged. The reduction in food inflation was the main factor behind the fall in Brazil’s IPCA-15, however in annual terms inflation rose to 6.3% YoY.
Geographies
- Geography Tags
- Latin America
- Brazil
- Mexico
- Peru
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
BBVA Research
BBVA Research
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