Recent data reaffirms our view that Mexico's economic recovery is gaining traction, a trend we expect to build strength in the coming quarters. Mexico's IGAE Economic Activity index has averaged growth of 1.8% year-on-year (y-o-y) in the first seven months of the year, an improvement from 1.3% y-o-y during the same period in 2013. This is in line with our real GDP growth forecast of 2.6% in...
Mexico maintains its leading position at the top of our Latin American Power Risk/Reward Ratings this quarter, as the recent liberalisation of the country's energy sector underpins our positive outlook for the sector. At the time of writing, secondary legislation for energy sector reform, which will define implementation terms, has been approved by the senate and is pending approval by the...
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