Meade outlines main economic concerns for 2018By Elliot Bullman
The issues that will dog Mexico's economic outlook next year are the renegotiation of NAFTA, the monetary policy actions of the world's central banks and the 2018 elections > Jose Antonio Meade.
The head of Mexico´s public finances warned this week that the main three issues that will provide financial markets most uncertainty, are the renegotiation of the North American Free Trade Agreement (NAFTA), the monetary policy actions of the main central banks of the world, including Banco de México, and Mexico’s presidential elections of 2018.
The monetary policy of the developed countries is very worrying for emerging nations, such as Mexico, because as their rates start to rise, that puts pressure, particularly on the Mexican peso.
"There is also the electoral uncertainty, And that is why it is so important that the Economic Package 2018, which is a subject that we control, sends signals of certainty, "said the Secretary of the Treasury.
Asked if he will seek the candidacy for the Presidency of Mexico, Meade responded that there is certainty of his participation as a public servant, and in the construction of the Economic Package 2018.
The official considers that the price of a barrel of oil in 48.5 dollars that was approved by legislators in the Income Law is realistic, "The future points to an average price above 50 in the coming year, and strictly adhere to the formula that comes in law," he said.
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