economy-featured
Cash transaction law will impact 40% of Mexicans
CNNExpansión.com - The limit on large cash transactions with merchants could impact 40 percent of Mexicans, experts say. Purchases of durable goods, such as real estate, automobiles and luxury items are expected to be affected the most in the effort to curb money laundering.
www.cnnexpansion.com/economia/2010/05/29/limitar-uso-de-efectivo-afectara-consumo
Aspe says Mexico is going in the wrong direction
El Economista - Former Finance Secretary Pedro Aspe said the fact that Mexico slipped 10 places to No. 68 on the Index of Economic Freedom in the World is a "wake-up call" that the country needs reforms, including in the fiscal and especially the judicial arenas.
eleconomista.com.mx/sistema-financiero/2010/05/27/preocupa-caida-mexico-libertad-economica
Mexico needs simple tax system, says Gurria
El Economista - Mexico must develop a new simple and competitive tax system like all the other countries in the world, said the head of the OECD, José Ángel Gurría. He also said the country must end its fiscal dependence on oil because it is a resource that is running out.
OECD revises Mexico's 2010 growth to 4.5%
El Economista - Mexico's economy will grow 4.5 percent this year, 1.8 points more than previously expected, according to the Organization for Economic Cooperation and Development (OECD). The agency noted that "economic activity in Mexico experienced a strong recovery in the third quarter of 2009."
eleconomista.com.mx/economia-global/2010/05/26/ocde-mejora-previsiones-crecimiento-mexico
Head of economist group pushes reforms
El Economista - Mexico's congress should enact the government's fiscal reform proposal before September, Alberto Cano Vélez, the newly appointed chairman of the National College of Economists and a former PRI deputy from Sonora, said in an interview.
eleconomista.com.mx/finanzas-publicas/2010/05/20/urge-presentar-reforma-fiscal-antes-septiembre
Obama, Calderon pledge more pacts to boost economies
Bloomberg - Trade, employment and global crisis were the issues that Mexican President Felipe Calderon discussed with his U.S. counterpart, President Barack Obama, upon his arrival in Washington, D.C., for an official state visit, including a dinner at the White House.
www.cnnexpansion.com/economia/2010/05/19/empleo-y-crisis-en-dialogo-con-eu
Anti-monopoly bills gain one step
El Semanario - The effort in Mexico to break up the power of monopolies and near monopolies moved a step ahead as committees in the Camara de Diputados approved bills amending the Federal Law on Economic Competition that give greater authority and tools to the Federal Competition Commission (CFC) to impose tougher sanctions and criminal fines on monopolies.
Measures taken to strengthen economy, Cordero says
El Financiero - While the Mexican economy seems to be recovering, the government is implementing several policies, like that of building its international reserves, to prepare for any volatility or outflow of capital from the country, Finance Minister Ernesto Cordero told the newspaper.
www.elfinanciero.com.mx/ElFinanciero/Portal/cfpages/contentmgr.cfm
Mexico's income disparity continues to grow
El Semanario - The disparity in income distribution in Mexico increased over the past four years, says a World Bank World Development Indicators report, noting that one-tenth of Mexicans are in the top of the wealth pyramid, a concentration of $597.2 billion representing 41.3 percent of total national income.
Mexico's growth expected to exceed U.S., says IMF
CNNExpansión.com - Growth in Mexico this year should reach 4.2 percent and overtake that of the United States. Emerging economies are expected to grow by 6.25 percent in 2010, while advanced economies are expected to grow only 2.25 percent this year, says an IMF study.
www.cnnexpansion.com/economia/2010/04/20/el-mundo-crecera-425-en-2010-fmi
