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Mexico

EPN: Mexico's Economy is Still Growing

The president said that for the past four years direct foreign investment in the country has doubled, reaching over $27 billion

Walmart's $1.3 billion investment in Mexico will create 10,000 jobs, photo: Wikipedia
By The News Whatsapp Twitter Facebook Share
1 year ago

Mexico maintains its position as a reliable destination for investment, according to President Enrique Peña Nieto. The president stated that for the past four years direct foreign investment in the country has doubled, reaching over $27 billion, despite growing economic uncertainty world-wide.

“Mexico continues to grow, it is one of the few economies in the hemisphere that continue to do so. Our country has become the main economic force in Latin America,” said Peña Nieto.

The president announced that Walmart will allocate $1.3 billion to strengthen and expand its infrastructure, he also pointed out that investors trust in the Mexican economy.

Walmart’s 1.3 billion-dollar investment in México — which will create 10,000 jobs — will serve to open new distribution centers and expand existing ones.

“I would like to reiterate the commitment Walmart de México y Centro America has to this country, which we have supported over the past five decades,” said Peña Nieto.

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