Just Released: "Mexico Food & Drink Report Q4 2013"
We have adjusted down our real GDP growth forecast for Mexico for 2013, from 3.6% to a below-consensus 3.0%. There is the potential for an uptick in imported inflation to hamper private consumption. However, we remain confident that growth will accelerate in 2014, in large part due to the positive effects associated with a stronger US economy. As a consequence, we expect a strong upturn in Mexican consumer confidence levels in 2014, which will see household spending accelerate.
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