Financial Times - Mexico's disappointing first quarter GDP figures must have been a hard pill to swallow. It’s not all bad news however. Economists expect the country to grow 3.9 per cent in 2014. Those numbers might quell some of the recent anxiety.Economy & Finance
AMLO offers alternative economic proposal
El Financiero - Andrés Manuel López Obrador, a key figure in the opposition PRD party, unveiled his alternative economic proposal, which contemplates an austerity plan in the three branches of government and the elimination of tax privileges for corporations.
G-20 won't halt new crisis, says analyst
El Financiero - The global crisis "is not yet complete" and, worse still, the G-20, in its upcoming meeting, won't lay the groundwork to avoid a new international financial crisis, said Emilio Ontiveros, President of Financial Analysts International.
Economy minister says technical stoppages over
Maquila Portal - Economy Minister Gerardo Ruiz Mateos said the technical stoppage program in the automotive industry does not need to continue because car production in Mexico has recovered in dynamism.
Survey predicts inflation, rate outlook stable
Dow Jones - Mexico's outlook for interest rates and inflation this year remained stable in the latest survey of market participants published Monday by Citigroup Inc. unit Banamex. The median estimate of 22 banks and research firms put the benchmark overnight rate at 4.5 percent at the end of this year and 5.5. percent at the end of 2010.
Private spending drops 9.6% in 2nd quarter
Reuters - Mexican private spending fell 9.6 percent in the second quarter compared with the year-ago period, the national statistics agency said on Monday. Aggregate demand, which includes private and government demand, gross fixed investment and exports, dropped 14.8 percent.
www.reuters.com/article/economicNews/idUSN2131771720090921
CEESP criticizes 2010 economic package
El Economista - The Center for Private Sector Economic Studies (CEESP) is criticizing the measures proposed in the 2010 economic package, saying they do not represent substantive changes that will strengthen income sources in the long term.
eleconomista.com.mx/notas-online/negocios/2009/09/20/ceesp-alerta-sobre-peligro-adquirir-mayor-deuda
Concamin seeing improvement but no recovery
El Financiero - According to the Confederation of Industrial Chambers (Concamin), Mexican industry is experiencing the first signs of slow and weak improvement but still can not expect a strong recovery.
International tourism fair planned for Mexico City
El Financiero - The International Tourism Fair in America (FITA) will be held in Mexico City during the celebration of the Bicentennial of Independence in 2010 in an effort to boost the growth of the tourism industry in Mexico, which has been hit by drug wars, the global economic crisis and the outbreak of the flu.
Campesino leader opposes elimination of ministry
El Financiero - The president of the National Campesino Confederation opposes elimination of the Ministry of Agrarian Reform, saying it is the only agency with a presence in the country's more than 30,000 ejidos and agrarian communities and its demise will seriously affect the agriculture sector.
Treasury says federal officials' pay has fallen
Sentido Comun - The Treasury said the salaries of senior executives in the federal administration have fallen 40 percent in the last nine years, while the number of positions in the secretariats have decreased.
