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UPDATE 3-Mexico sees solid economic expansion but price pressures persist

UPDATE 3-Mexico sees solid economic expansion but price pressures persist
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Mexico sees solid economic expansion but price pressures persist

Mexico's economy, the second biggest in Latin America, could expand by 3.5% or more this year, a senior finance ministry official said on Wednesday, as one central banker flagged a "long battle ahead" to better corral creeping consumer prices. In testimony before lawmakers, Deputy Finance Minister Gabriel Yorio talked up the expected expansion of the country's gross domestic product (GDP), and largely dismissed concerns that the gaining value of the local currency was bad for shipments to foreign markets. Yorio, speaking before the Mexican Senate, said government debt should land at about 47% of GDP this year and then tick up next year to almost 49%.

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