Mexico's central bank downgrades 2024 growth forecast

MEXICO CITY, Aug. 28 (Xinhua) -- The Central Bank of Mexico (Banxico) on Wednesday lowered the economic growth forecast for 2024 to 1.5 percent, down from 2.4 percent, according to its second-quarter report.

For 2025, the bank expects gross domestic product to expand by 1.2 percent, down from the 1.5 percent forecast in its previous report.

Economic activities in Mexico are undergoing a period of marked w