Mexico’s central bank on Wednesday cut its economic growth forecasts for this year and next, flagging the risk of rating downgrades to the country and state-run oil firm Pemex, and warning of persistent inflationary pressures. In a quarterly report, the bank lowered its Mexican growth forecast to between 1.1 percent and 2.1 percent for 2019 and between 1.7 percent and 2.7 percent for 2020, echoing increasing skepticism among private-sector economists on the outlook. The bank had previously forecast growth of between 1.7 and 2.7 percent for this year, and 2.0-3.0 percent for next year. Data published this week showed the economy grew by just 0.2 percent in the fourth quarter period from the previous quarter, and contracted in December. A […]