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Pablo Soria de Lachica Examines How Mexico is Set-Up for Innovation

With the 13th largest economy in the world (11th in terms of purchasing power and 10th most populous), Mexico sits abreast of the largest and most competitive international economic markets of our times. In 2017, the Mexican economy defied lackluster predictions for financial health by posting above average GDP growth. While much of this success was linked to trade, market analyst Pablo Soria de Lachica explains that structural reforms by the current administration have led to a freer private sector, open to dynamic business formations characterized by innovation and technology-driven enterprises. The Mexican government has steadily increased expenditures on research and experimental development,from 0.4% of GDP to 1% by 2018. This includes considerable investment in agencies such as CONACYT (Consejo Nacional de Ciencia y Tecnología-National Council for Science and Technology) who receive upwards of $2.2 billion annually, despite cutbacks to other sectors. A large portion of CONACYT funding is directed towards sustainable/renewable energy, health and green development. Pablo Soria de…

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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…