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Economy & Business - October-November 2012 (ISSN 1741-7430)
EPN takes over with Mexico’s economy in the ascent
Mexico’s new president Enrique Pena Nieto will inherit a humming economy from his predecessor Felipe Calderón, with broad-based real GDP growth of up to 5% this year. Mexico has re-gained some of the competitiveness previously lost to Asia. With overall production costs, led by labour, rising in its main manufacturing rival China, Mexico is well poised to re-leverage its main comparative advantages – namely its proximity to the US, its relatively transparent and stable business environment and its rapidly improving infrastructure – to embark on a new phase of export-led growth, based on an increasingly sophisticated and high valued-added industrial product mix. Allied to this is its booming domestic consumer market.
- We’re (nearly) all middle class now
- EPN takes over with Mexico’s economy in the ascent
- REGION: Brazil chivvies along Argentina
- ARGENTINA: The winds of default blow through Buenos Aires again
- CHILE: Weak energy sector threatens to hold Chile back
- BOLIVIA: Historic return to global credit markets
- ECUADOR: Shrimp sales surge
- COLOMBIA: Scandal soars as Interbolsa plummets
- PERU: Sorting the wheat from the chaff
- VENEZUELA: Another boom-bust scenario?
- SPECIAL FOCUS CUBA: Hurricane Sandy - the economic impact
- COSTA RICA: Boosting relations with China
- GUATEMALA: Record foreign investment in 2012
- NICARAGUA: Talks begin on a new IMF agreement
- PANAMA: Concerns over spending
- BRITISH OVERSEAS TERRITORIES: Trouble in paradise
- GM crops in the spotlight