Mexican growth suffers as remittances slide
The central bank said in its latest quarter Inflation Report that it was revising downwards its growth forecast for 2008 from between 2.4-2.9% to 2.25-2.75%.
At $11.6 billion, remittances for the first half of this year were 2.2% down on the total for the equivalent period in 2007. Remittance payments were 1.1% lower for the second quarter of this year than
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