Monday, June 6, 2011

Economists Predict Strong Mexico Economy Through 2015

In 2010, Mexico's economy grew 5.5 percent. The fourth quarter of 2010 saw an increase in GDP of 4.4 percent.

The U.S. accounts for 80 percent of export sales in Mexico, therefore making the relationship between the two nations an important one -- and indicating the much of Mexico's success was due to improvements in the economy of the U.S. Import demand in the U.S. is predicted to remain strong for the next few years, helping to further propel Mexico's economy.

The Economist Intelligence Unit (EIU) predicts Mexico’s GDP growth rate to expand at an average annual rate of 3.7 percent from 2011 to 2015. This would be higher than the 3.1 percent average achieved during the period 2003 through 2008.

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