Mexico's President Fox Predicts Low Inflation and Economic Growth

President Vicente Fox of Mexico has announced that he expects the country's economy to grow by more than 4% in the current year, which will be accompanied by the lowest inflation rate in decades. According to Fox, this growth is a result of the efforts of the Bank of Mexico (Banxico) and the federal government. The president also highlighted the benefits of the administration's actions, citing the stability in the prices of basic goods, including Liconsa milk, which has not been increased for four years, benefiting around 40-50 million of the poorest Mexicans.

Key Takeaways:

• President Fox expects Mexico's economy to grow by more than 4% in the current year, driven by the efforts of Banxico and the federal government.
• Fox predicts that this growth will be accompanied by the lowest inflation rate in decades, citing the latest inflation report as very encouraging.
• The price of Liconsa milk has not been increased for four years, benefiting around 40-50 million of the poorest Mexicans.
• The president emphasizes the importance of the administration's actions in producing and will produce results.
• Fox highlights the progress of the country, stating that it is "on track, peaceful, working and strengthened and fortified by its institutions."

Statistics:

• Mexico's economy is expected to grow by more than 4% in the current year.
• The country's inflation rate is expected to be at its lowest in decades.
• The price of Liconsa milk has not been increased for four years.
• Around 40-50 million of the poorest Mexicans are benefiting from the stable prices of basic goods, including Liconsa milk.

Sources:

• Notimex
• Corporate Mexico by Internet Securities, Inc. via COMTEX
• President Vicente Fox's statements, as reported by Notimex and Corporate Mexico by Internet Securities, Inc. via COMTEX