Mexico Economy Recovering With Inflation Easing, Carstens Says
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Mexico’s economy is showing signs of strengthening after disappointing early this year and inflation has passed its peak, said central bank Governor Agustin Carstens.
Increasing exports and government spending will help reactivate an economy that has already seen improved consumer confidence, Carstens told the Senate in Mexico City. After climbing to an eight-month high of 4.48 percent in January following a tax increase, inflation slowed to a “suitable zone” at 3.89 percent in the first half of March, he said.