Cordero sees Mexico growth at least 4.5 pct in 2010

MEXICO CITY, Aug 19 (BestGrowthStock) – Mexico’s economy will grow
by at least 4.5 percent this year in the wake of a recovery in
the United States, Finance Minister Ernesto Cordero said on
Thursday.

“We don’t doubt that Mexico will grow by more than 4
percent, surely 4.5 (percent),” Cordero told reporters. “The
recovery is under way. It is generating employment. Exports,
internal sales are increasing.”

Earlier this month, Cordero said the government’s forecast
for economic growth of 4.1 percent this year was conservative
and could be revised soon.

In June, he told a radio interviewer that the economy could
possibly grow over 5 percent this year but recent signs of
economic weakness in the United States have prompted some in
the private sector to pare their forecasts for Mexico’s
growth.

Mexico is due to report its gross domestic product for the
second quarter of 2010 on Friday at 9 a.m. local time (1400
GMT).
(Reporting by Patrick Rucker; Editing by Andrea Ricci)

Cordero sees Mexico growth at least 4.5 pct in 2010