The Aztec Tiger

Aztec tiger begins to sharpen its claws; this is the FT article that we would like to share with you about the booming mexican economy.

There are some factors that deserve to be highlighted:

• The international investors claim their love for Mexico due to the macroeconomic situation.
• During the 1Q and 2Q of this year, the country received a net US$ 5.6 billion in fixed-income and equity flows, three times the amount that went to Brazil that is the first Latin American Economy.
• Mexican sovereign borrowing costs record lows, and the stock market record highs.
• Inflation is less than 3 per cent and the Mexican Central Bank has adopted more accurate ways to control such us including more common daily purchases to make the calculation.
• Implementing a principle of prudence for handling fiscal policy.
• Government debt is the equivalent to about 36 per cent of GDP, which is enviably low by any standard.

In conclusion, all of this has helped to expand middle classes, and the consequent improvement in the numbers of formal-sector workers, bank accounts and even changes in consumer patterns.

The Mexican success is also confirmed by John Farrel, The Country Director for Google in the following video, he also says that the Mexican growth is set to last for years.