A Muddled Outlook

MEXICO - Report 06 Feb 2014 by Mauricio González, Guillermo Valdes, Esteban Manteca and Ernesto Cervera

Executive Summary In this month’s review of economic news, we focus on the stark contrast between the bright promise that structural reforms will serve as major catalysts of economic growth and the chiaroscuro portrait painted by recent indicators on the current state of the Mexican economy. By the end of 2013, no economic indicator was firmly in expansion mode. Economic activity provided further evidence that the economy was growing only minimally through Q4, likely by less than 1.6%, and just 1.1% for 2013. One exception is industrial activity, with strong manufacturing results for Octobe...

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