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Mexico's economy forecast for turnaround in 2013

Wednesday, December 26, 2012

Brazil and Mexico, Latin America’s two largest economies could be facing a 2013 of contrasting performance and prospects.

A huge reduction in Mexico’s “country cost”, the cost of doing business there, sparked an impressive turnaround after the 2008-2009 crisis that attracted investment in its industrial sector, created jobs and added value to its exports.

Mexico, which has built on Nafta since 1994 and now does more than 90 percent of its foreign dealings under free trade agreements, continues to lower its production costs to compete, including with China.

Source: MercoPress