Mexico cuts 2008 foreign direct investment forecast

sec-of-econReuters, 12/19/2008

Mexico lowered its estimate of how much money foreign companies will invest in the country this year as the U.S. recession increasingly weighs on Mexico’s economy.

Economy Minister Gerardo Ruiz told reporters on Friday that foreign direct investment in Mexico would fall to between $17 billion and $18 billion this year, down from $23 billion in 2007. The government had previously estimated direct investment flows from abroad of $20 billion for this year.

Read more…


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s