Mexico says 1st-qtr foreign direct investment rises to $7.9 bln

5/23/2017 Reuters

corruptionMexican foreign direct investment (FDI) rose to $7.9 billion in the first quarter of the year, 0.6 percent above the preliminary figure for the same period a year ago, Mexico’s Economy Ministry said on Tuesday.

The figure was also nearly 40 percent above the FDI recorded in the fourth quarter, when Donald Trump won election as U.S. president and began threatening to impose steep taxes on American companies that move jobs to Mexico.

Still, central bank data show the final data for the first quarter ended considerably higher during the last four years, and the 2016 final figure totaled $10.4 billion – almost a third higher than the preliminary figure.

Growth data this week showed the Mexican economy has so far shrugged off fears that Trump’s policies would wreak havoc on exports and investment, prompting the government to raise its full-year growth forecast.

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