MEXICO CITY – Even though the volatility in the foreign market will continue in 2016, Mexico has great macroeconomic strength and will receive an additional 10 percent in Direct Foreign Investments (IED), said José María Zas, president of the American Chamber Mexico.
He said that while the majority of the economy in the world is decelerating, Mexico has the foundation to be different from the rest of the countries that are also threatened by gas prices.
“The volatility characteristic in this moment and this time is going to continue. The world economy isn’t growing as it should. China is slowing down, the majority of the economies are slowing down. The volatility of the price of gas makes a great state of volatility, but I think that Mexico has great strength, a macroeconomic strength, in all of its numbers for public spending cutbacks. Tax collection allows the country to have a good state in 2016, in comparison with the economy of the rest of the world, and this is going to continue. I have a lot of optimism for the Mexican economy,” said Zas.
Mexico will continue to attract investments and its economy is recovering and returning to normal, according to Zas.
In regard to the provisions for the upcoming year, Zas said that there will be an inflation of 3 percent, salaries will increase by 4 or 5 percent and the dollar will be equal to 16.5 pesos.
He said that in his companies, high quality jobs are created and the best way to continue this is to keep working on formalizing the economy through the Rule of Law, improve the level of sales, which will drive the middle class. This will allow more money to flow into the internal market, making a better quality of life for the population.
more recommended stories
Cancun, an example of tourism promotion for Japan
A Quintana Roo delegation of FONATUR.
Homicides in Mexico increase 17% so far in 2018
Intentional homicides in Mexico has increased.
Expats Feel at Home in Mexico; InterNations Survey
InterNations.org recently released the results of.
Through the implementation of AMLO’s austerity plan, the government could save 132 billion pesos in 2019
As wages for high government officials.
Japanese delegation comes to Mérida to strengthen bilateral relationship
The project of the Chicxulub crater.
First house entirely made of Sargassum built by Mexican inventor in Quintana Roo
PUERTO MORELOS, Q. Roo, September 20,.
Protests in Homun, Yucatan against the opening of mega pig farm
On Friday September 21, the conflict.
Day of the Dead Parade Mexico City, three years stunning the world
For the third year in a.
Viva Aerobus announces new direct flights between Cancun and the U.S.
Viva Aerobus, the ultra low cost.
Vessel control centers urgently needed in Quintana Roo
“A control center like the one.