Ernesto Cordero, Secretary of Finance, highlighted that Mexican economy is recovering but not exempt from risk
There are glimpses that allow us to relieve that economical recovery is possible and it is son its way, but moving forward is only possible if the necessary structural reforms are propelled, stated Ernesto Cordero, head of the Secretariat Finance and Public Credit.
Mr. Cordero explained that the recovery in the employments is now visible and a Prof. Of this is that the public and private sector had predicted a GDP growth between 4% and 5% for 2010.
During a press Conference in Los Pinos, Mr., Cordero along with Gerardo Ruiz Mateos, Secretary of Economy and Javier Lozano of the Labor minister informed that the level of international reserves up to March 12 summed 94.8 billion dollars and that Mexico’s country risk was located as one of the lowest in compared economies.
The 5 year bond rate remained at 6.8%, 1.75% below last year; while the 30 years bond decreased 1.37% respect the same year.
HE also highlighted that the Quotes and process index (IpyC) has increased 94.7% compared to 2009, and dollar is quoting 12.51 pesos per dollar, while on 2009 it quoted on 13 pesos.
This element among other Prof. That Mexican economy is recovering although it is not yet exempt from risks. (El Semanario Agencia, ESA)
There are glimpses that allow us to relieve that economical recovery is possible and it is son its way, but moving forward is only possible if the necessary structural reforms are propelled, stated Ernesto Cordero, head of the Secretariat Finance and Public Credit.
Mr. Cordero explained that the recovery in the employments is now visible and a Prof. Of this is that the public and private sector had predicted a GDP growth between 4% and 5% for 2010.
During a press Conference in Los Pinos, Mr., Cordero along with Gerardo Ruiz Mateos, Secretary of Economy and Javier Lozano of the Labor minister informed that the level of international reserves up to March 12 summed 94.8 billion dollars and that Mexico’s country risk was located as one of the lowest in compared economies.
The 5 year bond rate remained at 6.8%, 1.75% below last year; while the 30 years bond decreased 1.37% respect the same year.
HE also highlighted that the Quotes and process index (IpyC) has increased 94.7% compared to 2009, and dollar is quoting 12.51 pesos per dollar, while on 2009 it quoted on 13 pesos.
This element among other Prof. That Mexican economy is recovering although it is not yet exempt from risks. (El Semanario Agencia, ESA)
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