Friday, January 10, 2014

OECD: Mexico may grow 3.8 pct

Friday, 10 January 2014 00:10
THE NEWS


Based on predictions made after the recent passage of structural reforms, Organization for Economic Co-operation and Development (OECD) Secretary General José Ángel Gurría Treviño said that his organization estimates that Mexico’s economy could grow by 3.8 percent this year and 4.3 percent in 2015.

He warned that attention needs to be paid to the drafting of the reforms’ secondary laws, so “the legislative dentists don’t take the molars out of the reforms,” but that they turn into a state of encouragement, more than just a historic event.”

After the third day of the 25th Mexican Ambassadors and Consuls Meeting, Gurría Treviño said that impressive economic growth could not have been expected in 2013 as Mexico’s main trading partners also had a bad year.

He said that the entire world has observed how Mexico managed to pass so many serious reforms without any party holding an absolute majority, and because of this the legislative changes and secondary laws should be passed soon.

The majority of teachers are ready for evaluations, especially those from the National Education Workers Union (SNTE), whose leadership met this week and expressed their willingness to be evaluated.

Closing with a global perspective, he told the ambassadors and consuls: “We are going into 2014 with more than 200 million unemployed persons in the world, 75 million of which are youths.” This, together with inequality, he said, is “the Molotov cocktail of our time.”

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