Bloomberg - Mexico’s economy grew less than analysts expected in the first quarter, fueling bets policy makers will cut interest rates again this year. Gross domestic product in the first three months of the year rose 0.8 percent from the year-ago period.Economy & Finance
PRI senators might change entire tax package
El Economista - The leader of the PRI senators, Manlio Fabio Beltrones, warned that, if necessary, his party will have to "turn around" and change the entire tax collection tax package proposed by the federal government for 2010.
OECD officials says tax reform is "on right path"
El Economista - Tax reform proposals included in the 2020 economic package "are on the right path" to comply with the principles of a desirable tax reform, said Jose Antonio Ardavín, acting Latin American director of the OECD in Mexico.
Labor secretary says job losses have been stemmed
El Economista - Secretary of Labor and Social Security Javier Lozano said that the 65,000 jobs created in the last three months indicate that the loss of jobs will be stemmed and more positions will be created in the next few months.
Tourism secretaries oppose eliminating ministry
El Economista - Secretaries of tourism of seven states have spoken out against folding the Tourism Ministry into the Economy Ministry, saying the sector is too strategic to the country's economic development to not be a separate secretariat.
Campesino leader seeks 2010 budget changes
El Financiero - The president of the Central Campesina Independiente, Rafael Galindo, asked lawmakers to review the proposed budget for its impacts on peasants, saying health care will become more expensive and the National Support Fund for Solidarity Enterprises (Fonaes) should be strengthened to generate the creation of small businesses.
Ministers to meet in Chile to discuss competitiveness
El Financiero - A score of economy and commerce ministers will meet tomorrow in Santiago, Chile, to discuss how to improve productivity in times of crisis in the Third Competitiveness Forum of the Americas.
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Fears increase that economic crisis will relapse
El Financiero - The uncertainty of the global economy has prompted growing fears of a recessionary relapse since the current crisis is unprecedented, financial markets still have not recovered and consumption remains low.
Failure to employ youth misses opportunity
Reforma - Mexico's youth should provide a competitive advantage relative to other countries, but the lack of fiscal and labor reforms, which should generate jobs, is in danger of wasting the potential of the country's 22 million young people between 14 and 24 years.
Mexico's competitiveness contracts, might fall more
El Economista - Mexico's competitiveness, which has weakened from 30th place to 32nd among 48 nations, will fall further next year because of the economic crisis and lack of reforms encouraging entrepreneurial activity, said Juan Antonio Bargas, director of the Mexican Institute for Competitiveness.
G-20 countries initiate reforms
El Economista - Leaders of the 20 largest economies in the world formed a new board of directors that will manage the global economy, pledged to restructure the financial regulatory system and strive to control the dangerous imbalance that contributed to the collapse of the financial system.
