Economy

Driven by an ongoing process of economic opening since the 1990s, Mexico has come to establish a solid macroeconomic base. Structural changes have allowed the country to improve trade flows and helped to soften the impact of a gradual slowdown in hydrocarbons production and exports. Equally important have been the profound economic reforms initiated after 2013, with a reshaping of strategic sectors such as energy and telecoms. The energy reform alone is expected to bring in $180bn worth of new investment by 2030, as foreign companies expand their hydrocarbons exploration and development efforts. Although destabilisation of trade flows would have a heavy impact in the short term, the overall outlook for the Mexican economy remains strong. This chapter includes an interview with Juan Pablo Castañón Castañón, President, Consejo Coordinador Empresarial.