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 email@example.com
more recommended stories
Puerto Vallarta is recognized as the world’s second most important beach destination for the LGBT community
Puerto Vallarta is internationally recognized as.
AMLO pardons defaulting CFE debtors in his homestate of Tabasco
Mexico’s Federal Electricity Commission (CFE) will.
U.S Treasury works with government of Mexico against perpetrators of corruption
On Friday May 17th, the United.
Domestic workers’ labor rights have been officially expanded in Mexico
Mexico’s Congress voted to grant the.
Smog from pollution continues to choke the skies over Mexico City
Mexico City authorities have announced a.
Mexico prepares tax deal with technology platforms
Mexico’s Finance Ministry plans to announce.
Thousands of fires are blazing across Mexico
Mexico is facing an extremely heavy.
Mexico City officials had to cancel school due to poor air quality
Mexico’s education ministry cancelled schools in.
Mexico Plans More Pemex Tax Relief
Bloomberg) — Mexico’s state oil company.
Man gunned down near Cancun´s Ultramar ferry terminal
Gunmen shot and killed an unidentified.