Growth forecast revised again.MEXICO CITY Mexico City
Spanish Ciudad de México
City (pop., 2000: city, 8,605,239; 2003 metro. area est., 18,660,000), capital of Mexico. Located at an elevation of 7,350 ft (2,240 m), it is officially coterminous with the Federal District, which occupies 571 sq mi --The Banco de Mexico revised down its growth forecasts for 2001 yet again on Wednesday, to 0.77% of GDP GDP (guanosine diphosphate): see guanine. , against earlier hopes of a 1.7% expansion, admitting that the business climate and confidence levels were continue to show weakness. Even this revised figure depends upon a rebound rebound (rē´bownd),
n/v 1. a recovery from illness.
n 2. an outbreak of fresh reflex activity after withdrawal of a stimulus
rebound adjective in growth in the fourth quarter, which is looking less and less likely as the global economy continues to slow. Inflation, on the other hand is expected to beat expectations, coming in well under the central bank's 6.5% forecast, however, the success in controlling price pressures has very much been at the expense of growth. Despite the slowdown For articles with similar titles, see Slow Down (disambiguation).
A slowdown is an industrial action in which employees perform their duties but seek to reduce productivity or efficiency in their performance of these duties. it is unlikely that the government will be willing to adjust its fiscal deficit target of 0.65% of GDP this year.