Mexico has all the elements to grow 3.1% in 2013, the Ministry of Finance and Public Credit (SHCP) determined. However, the Bank of Mexico (Banxico) stressed that the country’s economic growth will be between 2% and 3%.
Mexico could attract up to 35 billion dollars of Foreign Direct Investment (FDI) during the first year of the energy reform, which would boost potential GDP growth in Mexico, according to estimates by BBVA Bancomer.
Mexico is competing with Japan to be the second largest car supplier to the US: in just the first half of 2013, Mexico shared 23.4% of the US market, exporting 773,972 vehicles, while Japan had 24.6% and 813,985 units, a difference of only 40,013 units.
The telecommunications sector in Mexico generated an income amounting to 16.579 billion dollars in the first half of 2013, 7.7% more annually, reported The Competitive Intelligence Unit (CUI)
The Mexican film industry could close 2013 with a 9% growth, with an attendance of 228 million people, more than the 209 million in 2012, informed the National Chamber of the Film and Video Industry (Canacine)
Mexico was the most visited country by the US in the first five months of 2013, reporting an increase of 6% in the numbers of travelers, who totaled 2,689,518, according to figures from the US Department of Commerce.
Marriott International, the US luxury hotel chain, will increase its presence in Mexico by 50%, with the opening of 11 hotels.