Mexico’s Economy Anticipated to Triumph Over Brazil’s Economy in the Future
Mexico’s economy is growing at a rate never seen before, placing it in the position to rival leading countries in East Asia economically. Mexico could also pass Brazil as the top Latin American economy by 2022 if the country keeps moving along the same path. Mexico’s economy is expected to grow 4.25 percent to 4.75 percent over the next decade, surpassing Brazil’s expected growth of 2.75 percent to 3.25 percent.
The co-manager of Federated InterContinental Fund, Geoffrey Pazzanese stated, “Mexico is the place to be for companies and investors.” Countless companies from all over the world are choosing to invest in Mexico in many different spheres of the economy because of the country’s location as a neighbor to the United States, their low prices and low inflation rates, and their strong and skilled work-force. Mexico, a rising Latin American economy, is also anticipated to excel in its export-economy in the years to come because of strong diplomatic relations with neighboring countries.