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Mexico to become Latin America's number-one economy

Thursday, August 9, 2012

Mexico could overtake Brazil as Latin America's number-one economy in 10 years, according to research by economists at Nomura.

Mexico could become a "jaguar" economy, similar to the fast-growing "tiger" economies of East Asia, if its newly-elected government succeeds in kick-starting lackluster growth with ambitious economic reforms, Nomura said.

Optimism about the chance of change in Mexico contrasted with reform fatigue in Brazil, where the government has wheeled out successive measures to boost local industry and protect exporters from a strong exchange rate.

Source: Reuters