Mexico will be the 8th world economic power in 2050

By Olivier Acuña MEXICO CITY (Mexico Tribune).- Financial experts have predicted that Mexico will move up the ranks to become the eighth world’s economic power by the year 2050, when the Gross National Product (GDP) will have increased from $1.18 billion to $7 billion.. The main economic drive of growth in Mexico will be that…

The negative effects of NAFTA after 20 years

MEXICO CITY (Mexico Tribune).- Twenty years have passed since the North American Free Trade Agreement (NAFTA) was signed and put into effect and all that can be said about it today is that only the rich got richer and the transnationals expanded, while in Mexico the poor got much poorer and the in the United…

Mexico’s economy will grow 3.9% this year: Finance Ministry

MEXICO CITY (Mexico Tribune).- Mexican Finance Ministry (SHCP, by its Spanish acronym) said today it maintains the country’s economic growth will be 3.9 percent this year, while the positive impact of the energy reform will be in 2015. Finance Minister Luis Videgaray said there are already indicators that show improvement in planned spending, construction and…

Expert says Mexico will not grow the expected 3.9% in 2014

MEXICO CITY (Mexico Tribune).- Mexico’s growth expectations of 3.9 percent in 2014 will not be achievable because it will not receive the expected boost from the United States, said an economic expert. Monex Director of Economic Analysis Eduardo Avila said the President of the U.S. Federal Reserve Janet Yellen has hinted that interest rates in…

OECD criticizes Mexican education and foreign investment restrictions

MEXICO CITY (Mexico Tribune).- Mexico´s economy faces to major obstacles which are the very low standards in education and the very high level of restrictions that pose an obstacle to foreign investment, said the Organization for Economic Co-operation and Development  (OECD). The international organism explained that despite economic reforms made in the last year, Mexico…

Mexico urgently needs to invest in education and health

IMF is optimistic about world economic recovery MEXICO CITY (Mexico Tribune).- The Mexican government has set forward reforms that will have no effect unless it invests in education, the health system and infrastructure in order to reduce inequality and poverty, said the President of consulting firm RGE Monitor Nouriel Roubini. The growth in Mexico during…