Mexico's Economy Is in Recovery Mode, Financial Council Says Agencia EFE
go to original June 28, 2014

Mexico's economy will continue to recover during the rest of this year, but the situation in international markets poses risks, the Financial System Stability Council, or CESF, said.

Foreign demand and the federal government's stimulus policies should help bolster the recovery in the wake of first-quarter gross domestic product (GDP) growth that came in lower than expected, the CESF said in a statement.

Demand in developed countries has given a boost to Mexico's economy, but "signs of relative weakness persist," the CESF, whose members are the heads of Mexico's main economic organizations, said.

Monetary policy in the main developed economies is likely to experience "gradual" normalization, the CESF said.

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