Mexico sees partial FDI recovery in 2010

A supermarket in Mexico City. FDI expected to rise between $15bn and $17bn in 2010 . (AFP)

Foreigners will boost direct investments in Mexico to between $15bn and $17bn in 2010 as the economy recovers from a deep recession, Deputy Economy Minister Felipe Duarte said. FDI plunged to $11.4bn in 2009, 51 per cent less than in 2008 as the country's economy suffered its worst contraction since 1932. The economy is expected to only partially recover in 2010, and the economy ministry's forecast still would put FDI below the $23.2bn that Mexico drew in 2008.

 

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