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Audio – Against the odds, Mexico’s economy still growing
Many thought that with a sick neighbor, Mexico should have caught the blues already, right? Wrong. The Mexican economy looks like it is still growing at a good pace while its No. 1 trade partner, the United States, sails through choppy waters.
Central Bank Gov. Guillermo Ortiz told Reuters in an interview during the Third Latin America Summit that recent consumption, investment, industrial output and export data showed Mexico’s economic health appears sound, but inflation remains a concern.
With Mexico’s average consumer prices currently hovering above the central bank’s comfort zone, Ortiz maintained expectations that inflation could range between 4 and 4.50 percent in the second quarter of this year.