September 6, 2013
“strong fundamentals” will help shield its economy from the worst effects of a
deteriorating global business cycle that has already taken its toll on emerging
markets worldwide, its central bank governor Agustín Carstens told
LatinFinance in an interview.
in advance of a surprise 25 basis point interest rate cut Friday, Carstens said
Mexico’s output would be “much better” in the second half of the year than the
first, as economic activity in the US gathers pace.
that Mexico is very closely integrated into the US, that should benefit Mexico
in particular,” he said, though he acknowledged that the economy’s ‘poor
performance’ in the first six month
Mexico is well positioned to withstand volatility, central bank governor Agustín Carstens says