Slim Expects Mexican Growth To Be ‘much Better’ In 2015
Carlos Slim, Latin America’s richest man, said he thinks Mexico’s economy will start to grow at a faster pace next year after overcoming a sluggish past couple of years. The Mexican economy grew by just over 1 percent last year and the government in May cut its forecast for 2014 to 2.7 percent. Interest rates are now at a record low of 3 percent. Slim tells Reuters “Last year’s growth was low, I think that this year it will be relatively low too, but I think next year will be much better. I hope that next year we will set the pace for growth for the next four years.”
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