Mexico: Economic Reforms without Success
Mexico, Mar 20 (Prensa Latina) The 11 structural reforms promoted and implemented by the government of Mexican President, Enrique Peña Nieto, have not produced results, the private sector denounces today. A document distributed to the press stated that almost two and a half years of being approved, the growth of the economy and its expectation are not favorable.
The 2013-2018 National Development Plan anticipated to grow at an average annual rate of five percent in the 2015-2018 period.
The Center for Economic Studies of the Private Sector expected, according to that project, to raise 1.3 tenths the traditional average of 3.7 that was achieved before the reforms.
The weakness of the world economy, and the collapse in the production and oil prices, are among the factors that reduced the progress.
Members of the private sector state that the reforms have helped to the macroeconomic stability, but it is not enough until having an impact on the productive capacity through its effect on productivity, investment and employment.
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