Region:
Mexico
Category:
Economy

Mexico could grow around 3.5% in 2015

Region:
Mexico
Category:
Economy
Author/s:
By Miguel Sangineto
Publication date:
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"The year 2015 will be a good year in economic terms whether we are not helping the behavior of oil prices," said Mexican Economy Secretary Ildefonso Guajardo

Good predictions for 2015 in the Mexican economy were reinforced 45 Forum in Davos, where analysts and officials agreed that Mexico will be the exception in Latin America and grow above the regional average. The secretary general of the Organization for Economic Cooperation and Development (OECD), the Mexican Jose Angel Gurria, confided that Mexico could grow "from 3.0 to 3.5 percent this year, like the rest of the world average." "We are talking about a growth rate which is effectively a multiple of what is growing in Latin America," Gurria said of the average growth forecast for the region, which is expected to be half that expected for Mexico. Meanwhile, the governor of the Bank of Mexico, Agustín Carstens, he said "the reality is that prospects for Mexico are better than those of Latin America that is most affected by the decline in prices of basic goods," he said.

The forecasts were confirmed here by executives of Brazil's Itaú Unibanco, which estimated that the Mexican economy, driven by manufacturing exports this year to escape the trend of Latin American economic decline. Also for good growth forecasts for this year's US economy, the main trading partner of Mexico, comforting the good tips for Mexican exports to its northern neighbor. "I definitely think we're in a prospective improvement," said meanwhile the Mexican Economy Secretary Ildefonso Guajardo, who led the numerous political and business delegation this year participated in the World Economic Forum in Davos.

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