These comments, of course, are my own responsibility and do not necessarily represent those of the Bank of Mexico. Current and future economic conditions As you know, since the second half of 2009, along with the world economy, Mexico has been undergoing a process of economic recovery.
The upturn has included positive annual growth rates for the industry and services sectors, which together account for approximately 94 percent of GDP. As a result, by the beginning of 2011, the levels of the monthly Global Economic Activity Indicator (IGAE) and of these two main components surpassed their corresponding values prior to the global financial crisis.