Augusto de la Torre: bullish on Mexico for 2015EL MUNDO
The World Bank anticipates that it will change its growth expectations for Mexico for 2015.
Augusto de la Torre, the bank’s chief economist for Latin America and the Caribbean, said no changes will be made for the current year, for which the bank has forecast GDP growth of 2.3%.
But he predicts next year’s current forecast of 3.5% will be modified in light of energy and other structural reforms and the recuperation of the United States economy.
“It’s excellent news that Mexico is in the process of implementing important reforms in the energy sector. Mexico is a country with unique energy wealth.”
De la Torre is confident that the changes will generate confidence among investors and improve productivity throughout the economy, particularly among small and medium-sized businesses.
He cited the United States as an example of how developing the energy sector can generate connections in the rest of the economy, and a system and network of associated economy productivity.
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