Off the wire
• China Voice: Time to reconsider Internet freedom touted by U.S.  • Albania marks 60 years of UN membership  • Total employment in Singapore registers lowest growth since 2009  • 1 killed as Typhoon Melor lashes C. Philippines  • First Vietnamese advances into ATP rankings' Top 1,000  • China Cultural Center in Fiji inaugurated  • Spanish envoy in India resigns over corruption allegations  • 1st LD Writethru: India's premier probe agency raids Delhi chief minister's office  • S.Korea posts trade surplus for 46 months  • Indonesia's volcano in East Java continues eruption  
You are here: 　 Home

Mexican economy predicted to grow by 2.5 pct in 2015

Xinhua, December 15, 2015 Adjust font size:

Mexico can expect to see a GDP growth of 2.5 percent for 2015, according to a report by Barclays published on Monday.

If accurate, this amount would be at the high end of estimations provided by Mexico's central bank in August, stating that the growth for the year would be between 1.7 and 2.5 percent.

The report by Barclays also stated that, while Mexico's industrial production dropped by 0.1 percent in October, it had increased 1.2 percent year-on-year so far. However, it warned that a slowdown in Mexico's manufacturing sector would continue through the end of 2015 and the start of 2016.

Barclays' optimistic forecasts have echoed remarks by Manlio Fabio Beltrones, president of Mexico's ruling Institutional Revolutionary Party (PRI), who on Sunday spoke of a promising economic future for the country.

Beltrones said that job creation had been steadily rising, investments were entering the country and that minimum prices per oil barrel were protecting the country's oil industry.

"It is remarkable that while other nations have seen their growth stagnate or decrease, such as Brazil, our country has good growth perspectives for next year due to our responsible economic policy," said Beltrones, according to Mexican news agency Notimex. Endi