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Posted on: January 31st, 2008
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Mexico
Mexico’s government slashed its forecast for economic growth this year as the U.S., its biggest trading partner, teeters on the edge of a recession.
Economic expansion will slow to 2.8 percent, the lowest in three years, from an estimated 3.2 percent in 2007, the finance ministry said today. It had forecast 3.7 percent expansion for 2008 when it submitted the federal budget in September. “*
*From: http://www.bloomberg.com
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