MEXICO CITY, Dec 04, 2003 (Notimex/Corporate Mexico by Internet Securities, Inc. via COMTEX) -- The business climate in Mexico contains signs of improvements in coming months, benefiting multinational firms operating in the country, reported The Economist Intelligence Unit (EIU).
"Multinational companies that operate in Mexico ought to benefit from the continued economic stability and a firmer growth of the Gross Domestic Product in 2004," the EIU stated in its weekly report for institutional clients.
The consulting firm warned, however, that process in passing structural reforms "will be limited", reducing investment flows and prevented the economy from growing even more. The mixed panorama described by the EIU is consistent with expectations announced over the past few weeks by other public and private institutions. It is clearly influenced by the positive economic news coming out of the United States.
The EIU predicted that Congress would finally approve weakened versions of the key reforms during the early months of 2004. "It seems the opposition is beginning to understand that some changes are required," the report stated.
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