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Bank of Mexico Cuts 2023 Growth Estimate on Global Slowdown

MEXICO CITY—The Bank of Mexico lowered its progress forecast for 2023 on expectations of slower international financial exercise and weaker exterior demand for Mexican-made items, significantly from the U.S.

The central financial institution expects gross home product to broaden 1.6% subsequent 12 months, down from 2.4% beforehand.

“Prospects for international financial exercise have…

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