It is a pleasure to participate in the annual JP Morgan Mexico CEO conference and share my thoughts with you on Mexico’s economic outlook and challenges. As you know, the world economy is going through difficult times, characterized by low growth prospects and financial and fiscal problems in many developed countries.
I would like to focus my comments today on how this external scenario is constraining the Mexican economy, and what tasks await on the domestic front. My main message will be twofold. First, although Mexico’s ongoing economic recovery from the global financial crisis of 2008 seems to be firmly grounded, its continuation and possible strengthening are highly dependent on future global economic conditions.