Mexico remains strong in spite of clouds on the global economy’s horizon: CEESP
Mexico City – Mexico remains strong before the dark clouds of global economy and the outlook for this country stays positive, according to the Private Sector’s Center for Economic Studies, Centro de Estudios Economicos del Sector Privado (CEESP).
In its weekly “Executive Economic Analysis”, CEESP points-out that up to now growth forecasts for Mexico remain above 3.6% this year.
These forecasts are supported by 4.6% GDP growth in the first quarter of the year, and by a start of the second quarter with positive figures in the main economic variables, such as industrial production, sales and even trade.
CEESP considers that these dynamics in economy seem to reflect the benefits of greater macroeconomic stability and better performance of domestic activity.
Source: Notimex | Date: 26/06/2012