Mexico's Economy Shows Encouraging Signs at Year End
 Xinhua
go to original
December 28, 2009
Mexico's economy showed encouraging signs at the end of 2009, with a falling unemployment rate and recovering exports, the Bank Group Scotiabank said on Sunday.
There are still "uncertainties" in the national economy, such as the unchecked drop of the main parts of the added demand, Scotiabank said in its weekly report.
In Mexico, "we have to wait for the inflation reaction to the fiscal measures and the increase of prices, and if there is a positive impact, this could lead to a less expansive monetary policy and mild reaction of interest rates," Scotiabank said.
In January, there will be an apparent rise of inflation, as long as imminent impacts of the approved fiscal measures, according to Scotiabank.
If the mid-term inflation expectation continues with higher trend, there will be an inflationary time lag, which will result in soaring prices without being taken care of, the report said.
However, Scotiabank said Mexico's foreign trade increased in November 2009, and during all the year it had a "growing trend" and there was also a trade balance due to reactivation of the exports, which registered an increase of 10 percent year-on-year.
|
Vallarta Weddings
Business News | December 2009 
Tell a Friend
Site Map
Print this Page
Email Us