Pace of Mexican economic growth likely slowed in fourth quarter: Reuters poll

Pace of Mexican economic growth likely slowed in fourth quarter: Reuters poll

MEXICO CITY (Reuters) – Mexicos economic expansion likely dipped in the final three months of last year, at a time of sluggish production activity in the United States, a Reuters poll showed on Monday.

The United States is by far Mexicos top trading partner.

Mexicos gross domestic product (GDP) likely grew 0.3% during the fourth quarter in seasonally adjusted terms, down from a 0.9% expansion in the previous quarter, according to the median forecast of 10 analysts.

The expected growth streak in Latin Americas No. 2 economy would mark five straight quarters of modest expansion.

The U.S. economy grew in the fourth quarter, but that might be the last three-month period of solid growth before the effects of the Federal Reserves monetary policy tightening cycle are fully felt, according to analysts, who mostly expect a recession by the second half of the year.

Mexicos economy is forecast to have grown 3.4% year-on-year in the fourth quarter, down from 4.3% in the previous quarter, according to the survey.

Mexicos official statistics agency INEGI will publish fourth-quarter GDP data on Tuesday.

(Reporting by Noe Torres; Additional reporting by Gabriel Burin in Buenos Aires; Editing by Alistair Bell)

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