OECD expects 3.9% GDP growth in 2015

The organization is forecasting a somewhat better 4.2% for 2016
A preliminary economic outlook released today by the Organization for Economic Cooperation and Development (OECD) is more optimistic about Mexican growth than the Mexican government by two percentage points.
OECD secretary general José Angel Gurría estimated today that structural reforms will begin to show positive results next year in terms of Gross Domestic Product (GDP), which will grow by 3.9%. The government’s own preliminary forecast is for 3.7%, down rather a lot from its previous expectations for next year of 4.7%.
But Gurría said 2016 is when GDP growth will really kick in. His forecast is for 4.2%.
The Mexican government’s forecast for this year is 2.7%.
The OECD expects Mexico’s economy to grow more than the average of G-20 countries, which represent 90% of world GDP. Improvement in the Mexico economy will be aided by growth worldwide and in the United States, said Gurría.
The OECD chief, an economist and diplomat, has some background knowledge when it comes to Mexico. He was Finance Secretary from 1998 to 2000 under President Ernesto Zedillo, and negotiated the North American Free Trade Agreement.
He is currently serving his second five-year term as head of the 34-member OECD.

Source:Mexiconewsdaily.com

2 comments

  1. Obviously these rosy forecasts were made before the President went to the United Nations meeting and the riots broke out in Mexico regarding the 42 students that were arrested by the police and turned over to a drug cartel which killed them and burned their bodies. Now the people are burning one of the Presidents national palaces, government buildings and cars.

    The Mexican people are obviously more interested in good governance and their personal safety that for their president to launch himself on the world stage regarding a descedited global warming issue where not one prediction to date has come true, and Mexico’s involvement in space travel.

    The people should watch out for and be aware of government when they raise federal taxes that will harm peoples jobs, and raise the prices of everything.

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