The Economic Recovery In Mexico Is a Reality

The economic recovery in Mexico is a reality
Economy - Monday, November 8, 2010 (18:15 hrs)




The country is considered the sixth most attractive location for investment by the United Nations: Bruno Ferrari (Photo: Cuartoscuro)




The FINANCIAL online



Mérida, November 8 .- With all optimism, Secretary of Economy, Bruno Ferrari García Alba, said again that economic recovery in Mexico is a reality that goes beyond any desire as maintained by the World Bank study completed recently.

He stressed that Mexico has been evaluated positively as a country of opportunity, which is on the road to recovery and has a great future in economic, hence the need to intensify efforts and be very cautious on achievements and work harder and greater enthusiasm.

It is not reason, he said, to leave things as they are, but to strive and achieve more and better achievements in the country's growth.

Thus, the federal official denied the diagnosis of the Center for Public Finance of the House of Representatives in warning that the country does not represent high growth expectations.

On the other hand, highlighted the report Doing Business 2010, developed and released recently by the World Bank which holds that Mexico advanced six positions in the display of ease of doing business, moving from site 41 to site 35, after a hard year for the country's capital.

During his stay in Merida to inaugurate the National Week for Small and Medium Enterprises Bruno Ferrari considered strong World Bank data for an agency that is not based on subjective.

However, Mexico is going very well and has a significant growth, history in the second quarter, recording 3.7 percent in gross domestic product, he said.

The country, he stressed, is now considered the sixth most attractive location for investment by the United Nations for its macroeconomic indicators, which are visible.

He noted that Mexico has significantly lower manufacturing costs, which is another strength for the nation, for the nations of the BRICs, Brazil, Russia, India and China, and other northern hemisphere countries.

The data and the results are as a country are obvious and are reflected in the macroeconomy and the position currently has over other nations, he noted. (With information from Yoisi Moguel / Finsat / TPC)
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