© Reuters. S&P says Mexican government’s 2020 growth forecast likely too optimistic

MEXICO CITY (Reuters) – S&P Global Ratings views the Mexican government’s 2020 economic growth forecast of 1.5% to 2.5% as too optimistic, the credit rating agency said in a statement on Friday.

“It’s probable that our updated growth projections will be more conservative,” S&P Global Ratings said in the statement, referring to the agency’s upcoming forecast for the third quarter. S&P added that the budget estimates for financing requirements and a 2020 primary surplus are in line with its own expectations.

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