from the Dallas Fed
– this post authored by Jesus Canas
Mexico’s economy posted solid growth in the fourth quarter. Gross domestic product (GDP) growth dipped from 4 percent annualized in the third quarter to 2.4 percent in the fourth quarter, according to the government’s advance estimate. Recent data on employment, retail sales and exports showed continued expansion, but industrial production was flat. Inflation held steady in December, while the peso depreciated further. The consensus 2017 GDP growth forecast is 1.6 percent.