Condiac sees the complete restoration of the Mexican economy in 2014

The President of the National Confederation of Distributes became Mexico (Condiac) believes that the restoration of the economy is probably not fully expected in the second quarter of 2013. And by the implementation of structural reforms in the energy and tax revenues in 2014 and 2015, this is quite realistic.

According to the report, such reforms will be able to increase GDP from 2 percent to 2.5 percent. The income sales can unlikely can increase in the short term. In general, the forecast remains very difficult in connection with an excess supply of global steel manufacturers, which is from 400 million tons to 500 million tons. In Mexico there is an excess of proposal even due to low demand and the opening of new factories, despite the reduction in imports.