BMI View: Although we remain optimistic about Mexico’s long-term growth outlook on the back of a booming manufacturing sector, an increasingly strong private consumer and favourable demographics, we maintain our view that Mexico is facing a moderate economic slowdown this year. We forecast a 3.6% real GDP expansion in 2013, a year-on-year slowdown on the back of moderating external demand. Private consumption will see a moderation in demand due to a number of factors, including elevated inflation and weak consumer confidence. Headline Industry Data (local currency) ? 2013 per capita food consumption = +3.2%; forecast to 2017 = +24.3% ? …
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