Mexico is an automotive powerhouse in its own right: it is fourth in the rankings of automobile exporters, coming immediately after the top three players, Germany, Japan and the US. And there are important indirect public advantages which an automotive manufacturere can benefit from if it decides to set up operations there.
The IMF’s last report on Mexican Economy praises the quality of the general framework of its economic policy and its execution, encourages maintaining the principles of fiscal consolidation with the aim of keeping debt under control – the federal budget normally closes in the red – and reiterates the importance of transforming PEMEX into a profitable organisation.
MEXICO CITY | By David Brunat | It is possible to be one of the world’s major emerging markets, a country called to deeply influence the global economy in the next decades, and at the same time be seen by your own people as a very unreliable nation business and invest wise. This is Mexico, the internally less trusted country in the whole OECD.