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
Prisma Hotel Group announces investment of 357 million for remodeling hotels nationwide
With the objective of always providing.
Trump’s ‘Tent Cities’: where unaccompanied minors are kept in South Texas
According to Esquire: Beyond the moral and.
“Mayas y Piratas” Festival in Chetumal
The Bay of Chetumal will host.
The current ESAY premises will be turned into the new University of the Arts
“The transformation of the Higher School.
Growth in tourism is expected in Valladolid during the summer holiday season
After carrying out various promotional activities,.
TIME Magazine Powerful Cover: Welcome to America
It is of public knowledge, Donald.
More employment opportunities in Yucatán
Yucatan registered a favorable 18% trend.
PROFEPA seizes wild animals in Motul, Yucatán
During an inspection visit in response.
In press release, CONAGUA discards versions of “water privatization” in Mexico
The ten Water Reserve Decrees published.
Campeche shows the highest growth in FDI at national level
Campeche was the entity that grew.