Archive for February, 2017

FT: Slow growth in Mexico casts doubt on merits of Nafta

“Despite joining Nafta, the economic growth rate of Mexico has been remarkably slow in recent decades, not only compared to its own past but also relative to many other Latin American economies,” says Stephen Jen, head of Eurizon SLJ Capital, an investment fund.

“It is just not evident, by eyeballing charts on Mexico’s macro data, that Nafta has had any meaningfully positive effects on the Mexican economy. Mexico is quite a remarkable economy, in a negative sense, unfortunately. It has tried hard but achieved little.”

Read the original article on the ‘FT’ website.