San Luis Potosí Economy

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Of all the places vying to be industrial and logistical hubs, San Luis Potosí perhaps lays the best claim to being in the middle of everything. San Luis Potosí is as central as it can be relative to the economic centres of the country. In 2015 the state’s economy expanded by 5.4% compared to 2.6% growth at the national level, putting it in fifth place out of 32 states in terms of GDP growth. Despite unavailable official state figures for 2016, San Luis Potosí is again expected to more than double the nation’s rate of growth, with 2.3% forecast for Mexico and 4.6% for the state. While the uncertainty that has been ushered in with the new US administration may have lowered expectations in the short term, there are several encouraging signs that industrial growth is set to continue apace in the region. Central players in San Luis Potosí’s private sector are, therefore, expecting the region to keep growing for many years. This chapter includes interviews with Juan Manuel Carreras, Governor of San Luis Potosí, Gustavo Puente Orozco, Secretary of Economic Development; and Vicente Rangel Mancilla, CEO, Grupo Valoran, and CEO, Grupo Ranman.