Trump effect hits Mexico's growth forecast

The Mexican central bank slashed the country's economic growth forecast on Wednesday, citing concerns that US President-elect Donald Trump will make good on his pledge to upend regional trade. The bank issued a quarterly report that cited the market volatility and the sharp depreciation of the peso that followed Trump's victory in the November 8 election. "The panorama for the world economy has become more complicated as a result of the electoral process in the United States," the report said.