Thursday, November 21, 2013

México: Strong recovery for 2014

by Murry Page on 20 Nov 13
mazmessenger.com

 
The Organization for Economic Cooperation and Development (OECD) predicts Mexican Gross Domestic Product (GDP) growth of 3.8 % in 2014 and 4.2% for 2015.

The OECD believes that México’s economy will recover in both 2014 and 2015, after the setback suffered in the first half of this year, thanks to the expected improvement of the international situation and increased government investment by the administration of President Enrique Peña Nieto.

The OECD noted, however, that the “projected recovery could be delayed” if the Mexican government fails to enact the energy and fiscal reforms. It also warned that uncertainty about the budget debate in the United States could be an obstacle to foreign direct investment.

(from El Sol de Mazatlán)


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