1 | MEXICO CITY (AP) - The Mexican Treasury Department is lowering its economic growth forecast for 2015 to between 2 percent and 2.8 percent. |
2 | The new figure is down from a previous projection of 2.2 percent to 3.2 percent GDP growth. |
3 | Thursday's adjustment comes as the Mexican peso is at a historic low against the U.S. currency, closing at 16.52 per dollar the previous day. |
4 | Analysts attribute the slide to an expected interest rate hike in the United States and lower prices for oil, a main driver of the Mexican economy. |
5 | Mexico's central bank also recently lowered its own 2015 economic growth forecast, which is currently 1.7 percent to 2.5 percent. |
6 | Copyright 2015 The Associated Press. |