Mexico cuts 2015 growth forecast

Mexico again slashed its 2015 economic growth forecast Thursday after its expansion in the second quarter came in at a sluggish 0.5 percent. Latin America's second-largest economy will grow between two and 2.8 percent this year, the finance ministry predicted, lowering its previous forecast of 2.2 to 3.2 percent. Mexico's central bank last week cut its own economic growth forecast for 2015 to 1.7 to 2.5 percent, down from two to three percent.