Hacienda announces positive results for the Mexican economyBy 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).
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.
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.
- Artificial Intelligence is Transforming Mexico’s Financial Sector
- Mexico’s IRS Chief Evaluates Blacklisting the United States as a Tax Haven (REFIPRE)
- America's Passion for Guns: Ownership and Violence by the Numbers
- US Breaks Ground on New Embassy in Mexican Capital
- Cape Town Drought Declared a 'National Disaster'
- Canada and the U.S Exchange Criticism Amid Rising Tensions over NAFTA Negotiations
- Oxfam: Deputy Resigns Over Sex Claims Amid Crisis Talks
- Trump's Infrastructure Blueprint Labelled a 'Scam'
- Mexico Leads OECD Nations in Reducing Mobile Interconnection Rates
- OPINION | Perversely, good economic news has spooked the stock markets
- Disney raises prices of U.S. theme parks’ tickets
- New York State sues Weinstein Company