(MENAFN) Mexico was struck with a reduction in its economic projection for last year by the Mexican Institute of Finance Executives (IMEF) amid trade tensions.
Worries over a potential international recession pushed the IMEF to downgrade the country's forecast to stand at 1.2 percent from the previous 1.4 percent.
IMF emphasized recently that the Mexican economy is expected to be ahead of a "complex and highly uncertain" scenario.
It added: "the U.S. threat of imposing tariffs on all Mexican imports, leaving aside the established legal order, represents a blow to world trade, which increases uncertainty about the economic outlook."
MENAFN2006201900450000ID1098661040
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.