Mexico To Grow 4.2%, Says Finance Minister

Mexico’s finance minister, Francisco Gil Diaz, has said he thinks the country will see growth this year of at least 4.2%, up from 4% previously forecast. Recent figures published by Mexico’s Central Bank revealed the economy grew by 4.7% in the second quarter of the year, taking first-half growth to 5.1%, the strongest result for the period since 2000. The Bank raised its forecast to the year to 4.5% following the better-than-expected results. Last year, the Mexican economy grew by only 3%.