World Economy

Mexico Should Boost Factory Output

Mexico Should Boost Factory OutputMexico Should Boost Factory Output

Mexico needs to boost its industrial output to improve its low economic growth and increasing public debt, economic experts told Xinhua. Jorge Sanchez Tello, a researcher from the Foundation for Financial Studies at the Autonomous Technological Institute of Mexico, explained that while certain sectors, such as telecoms and services, are growing at 3%, others are anemic. This week, the government reduced its growth estimates for 2016 from 2.2-3.2% to just 2-2.6%, citing global financial volatility and low industrial demand from the US. This would mark the fourth year of low growth for Mexico after 1.35% in 2013, 2.2% in 2014 and 2.5% in 2015.