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