Improving U.S.-Mexican Competitiveness

“Let me begin with a few observations on Mexico’s economy. There has been a lot of good news recently, and a few facts suggest Mexico’s prosperity is long-term and sustainable.

The economy rebounded from near zero growth to 4 percent last year; inflation has been cut in more than half this decade; and at the same time international reserves have more than doubled. The markets reflect this optimism, with the IFC stock index near an all-time high. GDP has doubled in a decade, and Mexicans are making long-term capital investments in Mexico.”

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