Mexico will be an economic power in 2030: Citi
If economic stability and current growth trends are maintained, Mexico will be among the top 10 economies in the world in 2030, Citi considered.
This, even if no structural reforms that would push growth are made, according to Renato Grandmont, Chief Executive Officer and Head of Investments, Department of Wealth Management Latin America with Citi.
In a meeting with the media, he said that currently Mexico has very solid foundations that make it attractive in the current environment of cautiousness and uncertainty, both in the economic and political scenarios.
As a matter of fact, he pointed-out, Mexico is among the emerging countries that will continue being the source of global growth in 2012 and 2013, amidst an environment with fiscal problems in the United States and recession in the European Union.
Source: Notimex | Date: 27/04/2012