Mexico Economy Shows Signs of Strengthening; Peso Could Rise

October 8, 2014

There are clear signs the Mexican economy is improving and that the peso could appreciate in the future thanks to the country's solid economic fundamentals, Banco de Mexico governor Agustin Carstens said on Tuesday.

Mexico's economy has picked up after a weak start to the year and is expected to grow between 2.0 and 2.8 percent in 2014.

Speaking to lawmakers in Mexico's lower house of congress, Carstens said the improvement of the economy "is consolidating."

"In the last two or three months, we've seen much clearer signs of a recovery," he said. "We . . .

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