Growth target of 3% in Mexico is traversed by 2017: OECD – The Financial

Growth in Mexico is expected to strengthen by 2017 with an increase of 3 percent in the Gross Domestic Product (GDP), reflecting reforms structural implemented by the government. Meanwhile, this 2016 growth will no longer be 3.0 percent but is estimated at 2.6 percent, according to the Organization for Economic Cooperation and Development (OECD).

its report on Global Economic Prospects , the OECD warns signs of recovery in productivity. Structural reforms, notable measures to boost competition in industrial networks and facilitate access to credit, are expected to boost capital formation in the business sector and productivity. However, it is still essential to the full implementation of reforms and a new impetus may be necessary to combat informality and to boost the fight against corruption, says in the report.

By 2017, the OECD expects a transient recovery under downward pressures on US demand vanish and the broad agenda of government reforms start boosting investment. In particular it is crucial that auctions of oil fields attract significant investment commitments.

The main risk surrounding the projections of the body is the weakening of trade world especially the case of lower than expected growth in China and the United States. Another risk is further deterioration of market sentiment regarding emerging economies.

The expectations for inflation remain low for 2016 and 2017, but the effects of the past depreciation of the peso could increase the impact on consumer prices, the pass-through.

MAINTAINS gROWTH eSTIMATE FOR tHE gLOBAL eCONOMY

For the world economy, the OECD estimates growth this year at a rate of 3.0 percent and 3.3 percent in 2017, thus confirming its estimates of the interim report published last February when cut from 3.3 and 3.6 percent, respectively, expected in November 2015.

macroeconomic policies soportativas and lower commodity prices should continue to favor a modest recovery in advanced economies, assuming that the increase in wages and growth in business investment will begin to rise and tensions in the financial markets do not happen again. However, the weak external demand arising from emerging economies continues to be a drag advanced economies

In the United States, GDP will grow 1.8 percent this year and 2.2 percent in 2017.; downward adjustment relative to interim forecast released in February of 2.0 and 2.2 percent for 2016 and 2017. A moderate recovery is expected to continue with headwinds from the strong dollar and the decline in investment in the energy sector.

for the Asian giant, China, forecasts have remained unchanged since last November, a rate of 6.5 percent GDP growth in 2016 and 6.2 percent in 2017.

for the Euro Zone partially improved the estimate for this year to 1.6 percent from a previous 1.4 percent noted in February and remained at 1.7 percent growth rate in 2017.

prospects Russia and Brazil remain challenging due to lower revenues by low commodity prices and high inflation.