Showing posts with label mexico economy 2011. Show all posts
Showing posts with label mexico economy 2011. Show all posts

Tuesday, November 29, 2011

Tuesday, October 4, 2011

President Calderon Forecasts 4% Growth for Mexico This Year

Mexican President Felipe Caledron is confident that Mexico's economy will experience a growth rate of more than 4% this year, compared to the 3.77% predicted by economists in a monthly central bank survey released today.

During a Mexico City conference today, the president stated, “We have a strong economy even though we face difficult international conditions.” Read more from Bloomberg Businessweek about the creation of jobs and the economy in Mexico.

Friday, September 30, 2011

Economic Activity in Mexico Showed an Uptick for July

Driving growth in economic activity for Mexico in July can be attributed to the expansion of Mexico's agriculture sector. Growth in the services and industrial sector also contributed to the growth for Latin America's second-largest economy.

Photo credit: mexicoinstitute.wordpress.com

Wednesday, September 21, 2011

Mexican Finance Minister Confident that Mexico Will Endure US Slowdown

Via Bloomberg Businessweek, is an article about Mexico's Finance Minister Jose Antonio Meade's prediction that Mexico's economy will prevail throughout the US slowdown.
The minister is "sticking by a 4 percent growth forecast for this year even after the IMF yesterday slashed estimates for Mexico’s economic performance this year and in 2012. Mexico is committed to spending restraint, a policy that served it well during the global financial crisis when other countries saw inflation accelerate and debt loads rise as a result of excessive fiscal stimulus, he said.

“Some countries that were very active fiscally and very active monetarily are now paying the consequences,” Meade said in an interview yesterday in Mexico City. “Mexico has reaped the rewards for proving to be responsible.”

Thursday, September 15, 2011

IMF: Mexico's Economy Remains Stable & May Show Growth Amidst Global Economic Problems

With countries still dealing with the effects of the global economic crisis, Mexico's economy has overcome the global economic crisis and reverted to pre-crisis levels according to the IMF.

What factors have been at play to pave the way for Mexico’s economic success throughout this financial crisis?