Mexican economy will grow 4%: CEESP
- December 1, 2011
The private sector estimated that the Mexican economy may close 2011 with 4% growth, higher that that forecasted in previous months, after GDP in the third quarter surprised everybody with a 4.5% rebound.
“The fact that the Mexican economy grew a lot more than the United States’ is undoubtedly a good sign of a stronger domestic market, which is at a large extent due to the positive evolution of formal jobs creation and inflation’s trend down, which makes the purchasing power remain within a positive range”, according to the Private Sector Economic Studies Center, Centro de Estudios Económicos del Sector Privado (CEESP).
Up to now the economy has responded positively to a weak world environment with growth above estimates; there are even signs to anticipate that we will have a positive year closing: improvement in industrial production; dynamism of investment in machinery, equipment and construction; employment growth and historical international reserves.
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