Foreign Investment in Mexico to Double in 2013

Foreign Investment in Mexico to Double in 2013


Foreign Investment in Mexico to Double in 2013

 

Mexico will receive around 40 billion foreign direct investment (FDI) in 2013, more than double what it captured last year, said Manuel Guzmán Moreno, director of Economic Analysis and Strategy at Grupo Financiero BX +.

A week ago, the president and CEO of JP Morgan Grupo Financiero, Eduardo Cepeda, stressed that "this year we will have a greater entry of Foreign Direct Investment (FDI) in Mexico, in addition to portfolio investment."

Saxo Bank chief economist Steen Jakobsen said: "Mexico is a very interesting case, not so much for domestic reasons, but because of low energy prices, the United States and North America have become attractive competitors.

During the presentation of its economic outlook for 2013, Guzman added that Moreno also has another branch that will generate a significant investment, which is associated with the automotive sector.

He also pointed out that Mexico faces a possibility of structural transformation that could catapult it into being one of the seven strongest economies in the world in 2050.

For its part, GFBX + director of Stock Market Strategy, Carlos Ponce, estimated a growth of the Index of Prices and Quotations (IPC) of the Mexican Stock Exchange (BMV) above 8.5%, which would take him to surpass 48,900 points.