Hacienda announces positive results for the Mexican economy

By Elliot Bullman

The Secretary of the Treasury announces the growth of the economy in 2016 amidst the current uncertainty.

Mexico's economy is growing at a faster pace than other emerging and developed countries, thanks to the combination of macroeconomic policies and the implementation of reforms, which has helped to increase their capacity to resist shocks says, The Ministry of Finance and Public Credit (SHCP).

mercados internacionales_tdraj1

Despite the complex external environment, characterized by high volatility in international markets, weak world trade dynamics, low oil prices and rising US interest rates, the Mexican economy continues to rise, through its main engine, the domestic market.

Mexico's economic growth was 2.3 percent in 2016, thanks largely to the growth reported in consumption of goods and services of domestic origin and the greater flow of remittances to the country.

Portada hacienda

The implementation of structural reforms have generated significant domestic and foreign investment in vital sectors such as energy, telecommunications and finance.

2017 however will be a complicated year and the main risk for the economic growth of the country is the high uncertainty, especially of the Mexico-US trade relationship.

7ead4f5711d5068b012f95884d70961e

RELATED NEWS

  • Corruption and impunity, the biggest challenge for 2018Corruption and impunity, the biggest challenge for 2018
  • CDMX toughens rules for transport apps; goodbye to UberpoolCDMX toughens rules for transport apps; goodbye to Uberpool
  • At least 217 dead after powerful earthquake hits central MexicoAt least 217 dead after powerful earthquake hits central Mexico
  • The surprising change of mood in 2017The surprising change of mood in 2017
  • Hurricane Hurricane 'Irma' will cause more cruise demand for Mexico
  • Merida, Yucatan fast becoming an industrial powerhouseMerida, Yucatan fast becoming an industrial powerhouse
  • Manpower predicts biggest recruitment surge in Mexico for 20 yearsManpower predicts biggest recruitment surge in Mexico for 20 years
  • 676,241 formal jobs are created between January and August 2017676,241 formal jobs are created between January and August 2017
  • Apple suffers Apple suffers 'major iPhone X leak'
  • Government signs agreement with Chinese e-commerce giant AlibabaGovernment signs agreement with Chinese e-commerce giant Alibaba
  • Who foots the bill for Mother NatureWho foots the bill for Mother Nature's Destructive Fury?
  • Shell opens first Mexico gas station, eyes up to $1 billion investmentShell opens first Mexico gas station, eyes up to $1 billion investment
WATCH LIVE TV



Most Read Articles
Most Watched Videos
  • Generations Riviera Maya
  • Mayair

Language

Mexico News Network
All rights Reserved 2017