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Mexico will be world's seventh economy, says Goldman's Brics guru Jim O'Neill

Tuesday, March 13, 2012

Mexico will be the seventh world economy by 2020, with 7.8 percent of the global gross domestic product, said Jim O'Neill, chairman of Goldman Sachs, during his presentation at the Mexico Week in London.

According to O'Neill, who also created the Bric concept more than ten years ago, Mexico's gross domestic product will grow 3.6 percent in 2012, the same rate as Brazil's and by 2013, Mexico's economy will have grown 3.8 percent In eight years, Mexico's economy will be above those of Russia and India, O'Neill added.

Source (in Spanish): Excélsior