Mexico Business Community Sees Economy Growing Agencia EFE
go to original January 6, 2015

Mexico's business community expects the economy to grow 3.5 percent this year, a level that is below what the country needs but is better than the past two years, Business Coordinating Council, or CCE, president Gerardo Gutierrez Candiani said.

"The biggest factor in expecting this scenario is the solid recovery in the United States, the engine to get our economy moving," Gutierrez Candiani said.

The gross domestic product should expand at a 3.5 percent clip with an inflation rate of 3.7 percent this year, compared to the 2.2 percent GDP growth and 4.1 percent inflation registered in 2014, the head of the CCE, which has members from 12 different industries, said.

U.S. manufacturing output moved past the pre-recession peak at the end of 2014, Gutierrez Candiani said in a statement posted on the CCE's website.

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