Mexico's economy posted its fastest growth in more than two years on Wednesday, and the government stuck to its outlook, insisting there was no tangible threat yet from US President-elect Donald Trump, who has threatened to tear up a free trade deal.
Gross domestic product grew by 1.0 percent in the third quarter compared with the prior quarter, according to seasonally adjusted data from Mexico's statistics agency, in line with estimates in a Reuters poll.
It was the fastest quarterly expansion since the second quarter of 2014.
Deputy Finance Minister Vanessa Rubio said the government still expected the economy to grow between 2.0 and 2.6 percent in 2016, pointing to "solid" consumption despite weak factory production and lower oil output.
Mexico also held to its 2017 GDP forecasts, Rubio said, even after private sector economists cut their outlook for next year on expectations that US President-elect Trump could enact policies that hurt Mexican exports. The United States is Mexico's top trade partner.
"Not one policy has materialised and now what we have are expectations. They are suppositions and we have to work with concrete issues, with enacted policies," Rubio said.
Trump threatened during his campaign to tear up a free trade deal with Mexico. The median of a poll from bank Banamex on Tuesday showed economists revised down their outlook for 2017 to 1.8 percent from 2.3 percent.
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