The Mexican peso and stock markets have done well this year even as the growth outlook dims. Yesterday the IMF downgraded Mexican GDP forecasts and now the World Bank sees no growth at all this year as it now sees 0% GDP growth compared to 1.5% in January.
Other LatAm changes:
- Brazil to 1.8% from 2.2%
- Argentina to 5.5% from 5.0%
- LatAm and Caribbean to 2.1% from 2.5%
This article was written by Adam Button at www.forexlive.com.
