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Mexico's Economy Sees 6% Growth, President Vicente Fox Targets 7%

Strategic Insights

— 1 min read

Mexico's President Vicente Fox announced on January 26, 2005, that the country's economy had grown by 6% in the previous year, marking a significant achievement. Fox emphasized the importance of reaching the 7% GDP growth target he had set during his 2000 electoral campaign, which he believed was still within reach with two years left in his administration. Fox's statements were made during a visit to San Luis Potosi, where he highlighted the progress made in the country's economic growth, particularly in the area of exports.

Key Takeaways:

  • Mexico's economy grew by 6% in 2004, according to President Vicente Fox's announcement.
  • President Fox reaffirmed his commitment to achieving 7% GDP growth, a target he set during his 2000 electoral campaign.
  • Fox emphasized the importance of completing the government's work, which he claimed was "rounding off" with two years left in his administration.
  • The president highlighted significant achievements in exports, noting that the country had overcome troubled economic times in 2000-2004.
  • Fox expressed his determination to work every day to reach the 7% growth target in his remaining time in office.
  • The government's focus on economic growth is a key aspect of Fox's administration, with a goal of generating at least a million jobs per year.
  • The economic growth was cited as a key achievement by Fox, despite acknowledging challenging times in 2000-2004.
  • The president's statements were made during a visit to San Luis Potosi, a significant economic hub in the country.

Statistics:

  • Mexico's economy grew by 6% in 2004.
  • President Fox targets 7% GDP growth for the country.
  • Exports showed significant growth during the past year.
  • 2001-2004 were considered economically troubled times for many countries, including Mexico.
  • President Fox has two years left in his administration to achieve the 7% growth target.

Sources:

  • EFE (newswire service)
  • Corporate Mexico by Internet Securities, Inc.
  • COMTEX (news provider)

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