Mexico Growth Is Getting Consumer Spending Boost Bloomberg News
go to original September 23, 2014

Mexico’s economy is expanding in line with the government’s 2014 forecast, Mexican Deputy Finance Minister Fernando Aportela said in an interview in Cairns, Australia.

Growth driven by the manufacturing and export sector is now spilling over to domestic demand and fueling a recovery in construction following increased government spending this year, Aportela said on the sidelines of a G20 meeting.

Mexican President Enrique Pena Nieto this month asked Congress to approve a budget deficit for next year of 1 percent of GDP from 1.5 percent approved for this year.

The government seeks to reduce the deficit next year and erase it in coming years after increasing spending this year in an effort to boost an economy that grew 1.1 percent last year, the least since the 2009 recession.

It forecast the economy will grow 2.7 percent this year.

Read the rest at Taipei Times

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