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Mexico City : Office Snapshot - Q4 2013

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Mexico City : Office Snapshot - Q4 2013

2013 was a year of renewal. Having historically looked deeply into its past, Mexico is now prompted to look into its future by the many macroeconomic reforms approved by Congress throughout the year.

Key changes in law open the door to competition and flexibility in previously rigid markets, such as telecom and energy; other reforms bring an unprecedented level of accountability to Mexican institutions and industries, as signaled by the new education-system and financial laws. Most notably, the successful reform agenda brings out Mexico as a working democracy. In this context, the meager -below 2%- GDP growth of the year is the last figure of the old economic landscape and the new rules have set the foundation for a future of accelerated growth.

Source : Cushman & Wakefield

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