IMF bumps up growth estimate for Mexico.

Internet Securities, March, 2002

MEXICO CITY, Mar 13, 2002

The International Monetary Fund (IMF) has raised its growth estimate for Mexico, estimating the economy will expand 1.7% this year, compared to the 1.4% predicted three months ago. Less than a month before the IMF's spring meeting, the organization has predicted that Latin America will grow 1% this year, fueled by the recovery of the region's two largest economies, Brazil and Mexico.Mexico was among the hardest-hit by the recent global recession, but has climbed out of the hole as its principal trade partner, the United States, shows signs of recovery.

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