Pablo Soria de Lachica Discusses the Steady Growth of Mexico’s Economy in Q1
Following the U.S. elections of 2016, the topic of Mexico has been front and center for the newly elected White House administration, revealing considerable uncertainty with respect to crafting concise policies. During his election campaign, U.S President Donald Trump promised to renegotiate the terms of the North American Free Trade Agreement and to reinforce an import tax on Mexican goods, all the while criticizing U.S. companies for shifting production to Mexico and posturing about building a border wall. Inevitably, fear of Mr. Trump’s trade restrictions and economic policies affected investment and consumer sentiments in Mexico, sending the peso to its weakest level on record against the U.S. dollar in January 2017. Pablo Soria de Lachica, acclaimed expert in international trade and foreign exchange, analyzes the steady growth of Mexico’s economy in the first quarter of 2017, despite the low expectations…