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Industrials

Moody's says USMCA signing may help confidence in Mexico

MEXICO CITY, Feb 4 (Reuters) - Credit ratings agency Moody’s said on Tuesday that business confidence may improve in Mexico after the signing of the United States-Mexico-Canada Agreement, but the trade deal’s potential to drive investment is “limited.”

In a statement, Moody’s added that “downside risks to growth have risen,” but said it projects 1% growth in gross domestic product for 2020. (Reporting by Sharay Angulo and Daina Beth Solomon; writing by Julia Love; editing by Chris Reese)

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