Mexico’s approaching growth spurt

Mexico, overshadowed by Brazil, has been unfairly ignored by investors for years. But all that may now be about to change.

Mexicans have "looked on with envy in recent years as Brazilians won a reputation as Latin America's chosen people", says Elisabeth Malkin in The New York Times. The Brazil story gained momentum as China drove the commodity boom, fuelling Brazilian exports, while the huge domestic market also excited investors. But even before Brazil went off the boil amid China's recent downturn, Mexico was being unfairly ignored.

Investors have been put off by ongoing drug-related violence. The economy's close links to America 80% of its exports go there meant many dismissed it as a mere US outpost. Yet Mexico has come a long way over the past 20 years. In 1993, the central bank became independent, bolstering its inflation-fighting credibility and helping lower inflation from 43% to 4% today.

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