Weak Q2 GDP data was the last thing that Mexican markets needed after the rout of the past few days. That being said, we suspect that Q2 will mark the low point for the economy and that growth will accelerate from here. Although we now think that GDP growth may struggle to top 2.0% this year, we think that it will accelerate to 4.0% next year and 4.3% in 2015 to outperform the rest of Latin America.
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