News Column

UTEP Study: Mexico Economy to Outgrow US

Jan. 2, 2013

Vic Kolenc, El Paso Times, Texas

Mexico's economy is expected to grow much faster than the United States' economy in 2013, predict eight economists surveyed quarterly by the University of Texas at El Paso.

Mexico's economic output is projected to grow 3.4 percent in 2013, shows the consensus forecast from the economists from Mexico and the U.S.Many U.S. economists are projecting the U.S. economy will grow about 2 percent in 2013. Mexico's economy grew 3.3 percent in the third quarter, the UTEP report notes. The U.S. economy grew 2.7 percent in the third quarter, shows a report from Wells Fargo Securities.

The value of the peso is projected to have an annual exchange rate of 12.98 pesos per dollar in 2013. The exchange rate has been running around 13 pesos per dollar in recent weeks.

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Source: (c)2013 the El Paso Times (El Paso, Texas) Distributed by MCT Information Services

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