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Mexico.- The Mexican economy may be considered sound upon closing Felipe Calderon’s Administration, posting 4% growth, with the best interest rates as far as government securities is concerned, if we consider a 5.5% fixed rate.
But important subjects stayed behind, starting with the Federal Competition Commission, headed by Eduardo Perez Motta, which even if they applied the highest fines ever, in the opinion of some specialists, such as Ernesto O’Farril, Strategies Director with Actinver, it did not make sufficient progress to establish fair rules on monopolies in several sectors.
However, not everything is pending, the 4% GDP growth forecasted for the end of this year, reserves for US$156 billion, 45% reduction of the foreign debt, and 3.7% inflation are elements that help keep a sound economy.