Mexico central bank further slashes growth forecast

MEXICO CITY: Mexico central bank cut its outlook for growth in Latin America's No. 2 economy in 2019 to a range of 0.8%-1.8% on Wednesday, citing both global and domestic risks to investment and consumer sentiment.

In a quarterly inflation report, the bank said pressures on the economy, which contracted 0.2% in the first quarter compared to the previous three month period, ranged from lower US industrial output to global trade disputes and uncertainty over domestic policies in Mexico.