LatinNews Daily - 08 March 2018

*The deputy governor of Mexico’s central bank (Banxico), Manuel Ramos Francia, has said that Mexico’s domestic economy is bound to continue growing at a rate of around 2% in the foreseeable future due to a lack of investment in areas such as education and technology. Speaking at a business conference in Mexico City, Ramos said that Mexico’s GDP grew by 2% last year and that it is projected that it will increase by 2.4% this year and 2.6% in 2019. Ramos said that these growth rates are “not bad” but that “Mexico should be growing by much more”. However, Ramos said that higher growth rates will only be achieved if the country invests more in education, technological development, and in ensuring that the rule of law is respected.

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