IMF Economy

Significant effects of the events in Mexico are not perceived as soon. There are even indicators showing that the situation is very different from that projected the IMF: yesterday the unemployment rate in Mexico for the month of March which yielded a value of 3.78%, met which implies a fall in the level of unemployment in relation to the same month of the previous year (which had been 4,01%). To Pamela Cox, Vice President of the World Bank for Latin America, nor is it true that the U.S. crisis will affect with force on the Mexican economy (although it does not rule out side effects). What is it based to do this? Well, Cox highlighted the work of Mexico to promote structural reforms to accelerate the economic growth of the country. That is why it ratified the growth expectations raised for the year of 2.8%. Can what we we base to think that Mexico is resisting well the onslaught of the American economic slowdown? (), Which Mexico has a number of elements to be able to withstand the economic slowdown of its main trading partner and main source of remittances flowing into Mexican territory was already mentioned them in an article earlier this year. And one of those elements was the fortress that had domestic demand in Mexico.

This hypothesis that raised them, she was just confirmed yesterday by a report from Morgan Stanley that realized that, according to its own estimates, the economy of Mexico would have expanded 3.5% in the first quarter of this year, thanks to if: to a solid domestic market behavior. With this I do not mean that the economy of Mexico enjoys an exceptional health. In fact, inflation is still a latent problem that worries to the authorities of the Bank of Mexico. However, I understand that slowly in this country little by little strategic decisions are being taken to ensure the sustainability of growth economic in the country. The policy of diversification of exports and the energy issue, with the discussion installed on Pemex, are two key issues that Mexico is undertaking to continue growing and limiting the exposure of its economy to two elements of risk.