OECD sees Mexican economy shrinking up to 8 pct


MEXICO CITY, June 24 (Reuters) - Mexico's economy will contract by up to 8 percent this year, battered by plunging demand for its exports and weak consumer spending, the OECD said on Wednesday. The contraction forecast by the Paris-based Organization for Economic Cooperation and Development is far more severe than the 5.5 percent decline projected by the Mexican government or the 5.8 percent expected by economists surveyed by the central bank. "The outbreak of (H1N1) influenza and ...

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