Mexico’s Poorer South Growing 6%, Double National Average
- AMLO has focused on government investment in the south
- Mexico expected to grow 3% to 4%, Finance Ministry said
The Pemex Dos Bocas Olmeca refinery in the town of Paraiso, Tabasco state, Mexico.
Photographer: Alejandro Cegarra/BloombergThis article is for subscribers only.
Mexico’s southern region is leading the country’s growth, at double the pace of the national level and fueled by investment and construction projects, the Finance Ministry said.
The region, which includes some of the country’s poorest states, grew 6% in annual terms during the second quarter, ahead of the 3% to 4% expansion that the overall economy is expected to post this year and next, according to a Finance Ministry statement. Earlier this month, the ministry said it expected overall growth in Latin America’s second-largest economy to be between 2.5% and 3.5% in 2024.