World Bank Predicts 3.3% Growth Rate for México

by Murry Page
14 Jan 15
mazmessenger.com

In its World Economic Outlook, the World Bank said México grew by an estimated 2.1 percent in 2014 and predicted a 3.3 percent growth rate for 2015. The World Bank also predicted a 3.8 percent growth rate in 2016 and 2017, above the average for Latin America.

The World Bank said that the full implementation by México of its “ambitious and well-targeted” reforms in energy, telecommunications, employment and competitiveness, should remove some of the obstacles to economic growth.”

The World Economic Outlook said, “The reforms should increase productivity and the growth of the United States’ economy should support the growth of México.”

The World Bank noted the “sharp” slowdown in South America, especially in Argentina, Venezuela and Brazil; and “solid” growth in México and Central America.

(from El Occidental)

World Bank optimistic about next year’s growth prospects

Augusto de la Torre: bullish on Mexico for 2015EL MUNDO

 

 

 

 

 

 

 

 Mexico News Daily | Tuesday, August 12, 2014

 

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.

Source: El Financiero (sp)

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