November 13, 2017 / 3:22 PM / a year ago

IMF sees Mexico GDP growth slowing to 1.9 pct next year

A buyer and seller exchange Mexican pesos in a restaurant in Mexico City, Mexico, August 3, 2017. REUTERS/Edgard Garrido

MEXICO CITY (Reuters) - Mexico’s economy will grow by 1.9 percent next year after expansion slows to 2.1 percent in 2017, the International Monetary Fund said in a report on Monday.

Mexico’s economy expanded by 2.3 percent last year.

The IMF also forecast that Mexico’s inflation will rapidly slow in 2018 and converge towards its target of 3 percent by the end of the year.

The report praised macroeconomic policies it says have helped the economy weather uncertainty over Mexico’s trading relationship with the United States.

Reporting by Frank Jack Daniel

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