Mexico drops annual growth projection to 2.7%

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MEXICO CITY (AP) — The Mexican government said Friday that sluggish economic growth in the first quarter of this year has caused it to drop projections for 2014 to 2.7 percent from the original 3.9 percent.

Mexico’s economy grew 1.8 percent in the first quarter of this year, compared to the same period last year, when it had been expected to exceed 2 percent, according to National Statistics Institute.

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