LatinNews Daily Report - 01 May 2012

Mexico | SHCP estimates strong growth figures. On 30 April Mexico’s finance ministry (SHCP) estimated that economic growth in the first quarter of 2012 has been close to 4% year-on-year. If confirmed, the result would be slightly better than the one registered in the first quarter of 2011, when the Mexican economy surprised analysts by posting stronger-than-expected economic figures. The SHCP has explained that its estimate answers to the fact that both domestic and foreign demand for Mexican products, namely in the US, are on the rise. The SHCP also highlighted that the increase in domestic demand and investment has been “driven by the availability of credit and greater confidence on the part of both consumers and producers”.

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