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Mexico to receive major economic jolt

Wednesday, August 27, 2014


Mexico will likely get a huge economic boost from reforms to its energy market, according to experts, and the reasons go beyond stripping monopoly power from its state-run oil company.

Domestic and international businesses have been scrambling to position themselves since Mexican President Enrique Peña Nieto signed a major series of energy reforms into law earlier this month.

But one thing is for sure: experts agree the Mexican economy will reap major benefits from the new legislation, with several organizations estimating that the reforms will generate a 2 percent gross domestic product boost by 2025, and add about 2 million jobs.

Source: CNBC