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 Business News | February 2008 
Mexico Economic Growth Slowing Gradually, Ortiz Says
 Valerie Rota - Bloomberg
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| | Mexican Central Bank Governor Guillermo Ortiz | | |
Mexico's economic growth is slowing gradually and the country is well prepared to weather a slump in the U.S., Mexican Central Bank Governor Guillermo Ortiz said.
"Mexico has laid the ground work to improve its economic growth potential substantially," Ortiz said today at a LatinFinance conference in Mexico City.
Ortiz said that the economies of Latin America and the U.S. are still intertwined, and a slowdown in the U.S. will inevitably affect emerging markets.
Long-term inflation expectations are well anchored in Mexico, he added. Prices for energy may moderate as the world economy slows, Ortiz said.
To contact the reporter on this story: Valerie Rota in Mexico City at vrota1(at)bloomberg.net |
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