UPDATE 1-Mexico maintains 2010 growth forecast at 3 pct

* Mexican economy grew 1.2 percent in Q4 from Q3

* Mexico posted fiscal deficit in December and 2009
(Adds quote, growth for fourth quarter, details)

MONTERREY, Mexico, Jan 29 (BestGrowthStock) – Mexico kept its 2010
economic growth forecast at 3 percent for 2010 on Friday,
despite more favourable predictions by the International
Monetary Fund and economists, but said it could revise it
upward at a later date.

“The recent evolution of the economy suggests that the
probability that growth could be more … is considerable,” the
ministry said in a statement, but added it would be prudent and
stick to its earlier forecast for the time being.

The IMF and economists see Mexico growing at nearer 4
percent this year, the ministry said.

Mexico is pulling out of its worst recession since the
1930s but is grappling with falling crude production, a lack of
reforms and the sluggish economy in the United States, its top
trading partner.

The ministry said the Mexican economy grew around 1.2
percent in the fourth quarter of 2009 from the third quarter of
last year.

The finance ministry said Mexico ran a fiscal deficit of
56.393 billion pesos ($4.3 billion) in December (MXPUFI=ECI: ).

Mexico posted a 38.52 billion peso government budget
deficit in November.

Mexico posted a 274.511 billion peso ($20.95 billion)
government budget deficit during the entire year, the ministry
said.
(Reporting by Robin Emmott; Editing by Jerry Norton)

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UPDATE 1-Mexico maintains 2010 growth forecast at 3 pct