That is, according to Mexico's president Felipe Calderón. Yesterday, when participating in the inauguration of the Bloomberg Mexico (a financial software, news and data company) Economic Forum, Felipe Calderón stated that Mexican economy has grown 2.7% during the third trimester of the current year, as reported by Secretaría de Hacienda. He said that these are good news, as they impliy the end of the recession (at least in Mexico), and that the government is working hard on making this recuperation to continue and to grow.
He also said that the 2.7% economy growth was accompanied by a 4.6% inflation, and that from this positive tendency the Mexican government is expecting an economic growth of at least 3% in 2010 and of 5% by the end of his administration. Calderón further stated that his government's intention is to transform Mexico into one of the most strong economies in a global level and that moments like this are the best moments to improve the country's economy.
Is this truly the end of the recession in Mexico? What can we expect from this? Do you think we can become a strong economy on a worldwide level, as Calderón thinks we can? I think only time will tell, but it is not only up to the government, it is also up to us.
Source: "Acaba la Recesión, asegura Calderón." Periódico El Imparcial [Hermosillo] 6 Nov 2009. General: 09
