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Pablo Soria de Lachica – on Investment Opportunities in Aftermath of Mexico Earthquakes

On Sept. 19, a 7.1 magnitude earthquake struck Mexico City, destroying billions of dollars worth of homes, businesses and infrastructure. The local and surrounding economies took an expected downturn following the disaster, but analysts are confident that reconstruction efforts will spur growth across the nation. Internationally acclaimed broker Pablo Soria de Lachica explains that investment opportunities will be ample throughout the recovery efforts. The week after the earthquake, Alfredo Coutino, Latin American director for Moody’s Analytics, reported a preliminary estimate that Mexico could lose between 0.1 and 0.3 percent off their gross domestic product (GDP) in the third and fourth quarters. For the full year the impact will be small as funds are expected to pour into the economy as the federal government releases disaster funds. As of June, the city’s disaster fund stood at 9.4 billion pesos (more than $500 million), making it slightly larger than the national holding. Mexico’s education ministry also has 1.8 million…