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Mexico Raises Forecast for Direct Investment 11% to $20 Billion

Mexico may receive as much as $20 billion in foreign direct investment this year, 11 percent more than a prior forecast, as the second-biggest Latin American economy’s low wages and proximity to the U.S. draw producers.

“Companies are looking for the best place to invest,” Economy Minister Bruno Ferrari said in an Aug. 19 interview in Los Angeles. “It’s obvious that Mexico has been that place for North America.”