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Mexico City—The Mexican economy will go through this year successfully and will grow between 3% and 4%, in spite of the current global financial environment, according to Agustin Carstens, Governor of Mexico’s Central Bank, Banco de Mexico.
“The Mexican economy is strong, it has shown great resilience to absorb external shocks; it stays solid due to strong macroeconomic foundations and due to a monetary policy oriented to price stability and a wise fiscal policy”, he said.
During the presentation of the quarterly inflation report for October-December 2011, Mr. Carstens said that in spite of Mexico’s good economic momentum, its growth should be made more efficient through structural reforms.
Carstens said that the current Congress period can still be used to advance in pending subjects on reforms that provide for more competitiveness, and to aspire to larger growth ratios.