Weekly Report - 24 March 2011 (WR-11-12)

MEXICO | Domestic recovery. One of the surprises in the recent GDP data is the pick-up in the domestic market. Officially, domestic demand grew by 5% in 2010. This suggests that for 2011 the government's optimistic growth forecasts of 4% plus look feasible. Indeed the finance minister, Ernesto Cordero, said this week that it was possible that the economy could grow 5.5% in 2011.
If the economy does well Cordero, who is probably still the only realistic government candidate for the Partido Acción Nacional (PAN) presidential nomination in 2012, could see his chances reviving. Political commentators had thought that he was out of the running when President Calderón suggested to the PAN that it should pick the best candidate for 2012 even if that person was not a member of the party.

End of preview - This article contains approximately 281 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

• Subscribe
• Sign up for a one-time, 14-day trial