Mexico will “unquestionably” grow 3.4% this year: Meade

Mexico.- The Mexican economy will “unquestionably” reach the 3.5% growth forecast set for this year, in spite of deceleration in the United States, the Ministry of the Treasury, Jose Antonio Meade, declared. In an interview, he pointed-out that the Mexican economy keeps its vigorous behavior and quite good data, since consumption and investment are growing, supported by a strong increase in credit and good employment generation. “The international environment is certainly complicated and there are some deceleration elements in the US economy, but we keep on thinking that the 3.5% growth forecast will be reached”, he added. Mr. Meade made these declarations the day after the Ministry of the Treasury, Secretaria de Hacienda y Credito Publico (SHCP), estimated that the Mexican economy grew 4.0% in the second quarter, “slightly moderated” as regards to the 4.6% advance posted in the first quarter of the year. Source: razon.com.mx