Economy
From The Report: Mexico 2018
View in Online Reader

Driven by an ongoing process of economic opening since the 1990s, Mexico has come to establish a solid macroeconomic base. Structural changes have allowed the country to improve trade flows and helped to soften the impact of a gradual slowdown in hydrocarbons production and exports. Equally important have been the profound economic reforms initiated after 2013, with a reshaping of strategic sectors such as energy and telecoms. The energy reform alone is expected to bring in $180bn worth of new investment by 2030, as foreign companies expand their hydrocarbons exploration and development efforts. Although destabilisation of trade flows would have a heavy impact in the short term, the overall outlook for the Mexican economy remains strong. This chapter includes an interview with Juan Pablo Castañón Castañón, President, Consejo Coordinador Empresarial.

Articles from this Chapter

Overview

Holding the line: Despite a handful of internal and external risks, the economy shows resilience
OBG
plus

Driven by an ongoing process of economic opening since the 1990s, Mexico has come to establish a solid macroeconomic base. Structural changes have allowed the country to improve trade flows and helped to soften the impact of a gradual slowdown in hydrocarbons production and exports. The rise of the country’s manufacturing base on the back of the North American Free Trade Agreement (NAFTA), instituted in 1994, enabled economic diversification and integration with the US and Canadian economies. Equally…

Interview

Reform and function: Juan Pablo Castañón Castañón, President, Consejo Coordinador Empresarial (CCE), on sustainable and equitable growth
OBG
plus

Interview :Juan Pablo Castañón Castañón What key areas of the economy need further reform to reach sustainable growth levels? JUAN PABLO CASTAÑÓN CASTAÑÓN: Increasing GDP can be achieved by combining several approaches. Above all, Mexico needs to face economic challenges with a compliant and responsible corporate culture. Private companies have to work to add value through their activities and develop an integrated value chain that allows local small and medium-sized enterprises to…

Analysis

Online reach: Expansion of e-commerce provides another platform for domestic consumption
OBG
plus

The Mexican economy has remained healthy due to high levels of manufacturing and trade, with the domestic market also playing an increasingly critical role in GDP expansion on the back of rising incomes. As Mexicans become better connected, both in terms of ICT use and global trade, domestic consumption is displaying new patterns through e-commerce. The rise of online shopping has resulted in growing competition among retailers and more choices for consumers. However, while mobile and fixed internet…