Mexico’s economy will expand in 2015 at the fastest pace in five years after President Enrique Pena Nieto implements laws aimed at boosting growth, according to the Mexican Finance Ministry (Secretaría de Finanzas).
Latin America’s biggest economy after Brazil will increase 4.7 percent next year, up from 3.9 percent in 2014, the ministry said in an e-mailed statement late yesterday.
Peña Nieto ended a 75-year state oil monopoly in 2013 as he seeks to fuel economic growth that has lagged the regional average over the past decade. Mexico’s economy expanded 1.1 percent in 2013, less than half the 2.4 percent average growth rate for the region, according to data compiled by Bloomberg.
Economists surveyed by Bloomberg estimate Mexico’s gross domestic product will rise 3.3 percent this year and 3.8 percent for 2015.
The peso strengthened 0.3 percent to 13.0238 per U.S. dollar at 10:40 a.m. in Mexico City.
Editors responsible for this story: Andre Soliani at firstname.lastname@example.org
more recommended stories
K’u’uk: contemporary cuisine or pure alchemy?
Acknowledged at the Food and Travel.
Mérida, one of the best cities to live in Mexico (and the world)
Dan Prescher wrote an article for.
Hacienda Kancabchén: a call from a distant era just 15 miles away from Mérida
Hacienda Kancabchén maintains great part of.
Amazon launches new debit card in México
MEXICO CITY.- Banorte and Mastercard, together.
Over two thousand dogs and cats have been vaccinated in Valladolid
With the installation of seven locations.
Yucatecan pelicans and flamingos on the brink of becoming endangered species
“Pelicans and flamingos are some of.
Teacher Leaders Present an Innovative Blueprint for Relevant Learning in the Age of AI
What does the fourth industrial revolution.
New technology used in Yucatán to find people lost at sea
As part of a third aspect.
“Pet uh” Civil Association aims to promote Peto, Yucatán
PETO.- In the coming weeks the.
Mexico overtakes Brazil as the largest automobile producer in Latin America
Mexico registered a new record in.