Merrill Lynch, a division of Bank of America, posted its
prediction for Latin America in general and México in particular for
the New Year.
The Merrill Lynch report said, “México is the country
better positioned to benefit the most from the new global perspective,
while South American countries will be most adversely affected.” The
reported added, “This is not surprising, because almost 80% of Mexican
exports go to the U.S. market.”
Merrill Lynch projected that México’s economy will grow
4.0% in 2014, while the average growth for Latin American countries is
estimated to be only 2.2% for 2014.
Merrill also predicted that México’s exports would grow 6.6% in 2014.
The solid growth for the country prompted the Bank of
America division to say that the Mexican peso will be the only currency
among the major Latin American economies that will strengthen in 2014.
It projected that the Mexican peso will average 12.50 pesos to the
dollar in 2014 after averaging 13.04 to the U.S. dollar in 2013.
(from El Sol de Mazatlán)
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