Barclays Ups Mexico GDP Forecast

Barclays has improved its forecast of 2010 GDP growth in Mexico to 5.5% from 5.0%. The change comes after the country saw a strong 8.4% quarter-over-quarter seasonally adjusted expansion in Q409, a 2.8% month-over-month gain in imports so far this month, and a still-robust outlook for manufacturing in the US, the shop says. Bank of America-Merrill Lynch (BAML) last week boosted its forecast for Mexico’s GDP growth to 4.0% in 2010, an improvement of its previous forecast of 3.0%. Goldman Sachs improved its 2010 GDP growth forecast to 5.0% from 4.2%. Mexico’s treasury last month revised upwards its GDP growth projection for 2010 to 3.9% from 3.0%.