Mexico Economy 'Faces Headwinds'
Mexico Economy 'Faces Headwinds'
Mexico's economy in 2015 faces pressure from low global oil prices, depreciation of its currency and uncertainty over foreign direct investment, according to a panel of experts convened by AS/COA.
Mexico's economy in 2015 faces pressure from a variety of sources, including low global oil prices, depreciation of the country's currency and an uncertain landscape for foreign direct investment, according to US-based Latin American experts.
Mexico's prospects for growth are based on external factors, so it's not just a matter of importing and implementing, said Gerardo Rodriguez, managing director of Emerging Markets Strategy at New York-based global investment firm BlackRock Inc, during a roundtable on Mexico's economic outlook at the Americas Society/Council of the Americas in New York on Jan 29.
"There is a much more complex process of absorbing something to make it part of your base of capital," said Rodriguez.
Shelly Shetty, senior director and head of Latin American Sovereigns at Fitch Ratings Inc, said at the same event that Mexico has faced a very diverse changing global market, which has impacted domestic growth....
