Goldman Sachs Says Bigger Surplus in Mexico May Win Over Traders

09/07/16 Bloomberg

luis videgarayBanks including Goldman Sachs Group Inc. and Bank of America Corp. say Mexico can do more to shore up its finances.

Mexico Finance Minister Luis Videgaray is scheduled to go to the lower house of Congress on Thursday to present the nation’s 2017 budget proposal. The plan may call for a so-called primary budget surplus that’s equal to about 0.2 percent of gross domestic product, based on a preliminary estimate from the government earlier this year. But Mexico may be more ambitious, says Goldman Sachs’s Alberto Ramos.

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