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Following the 2016 U.S. election, there was a growing
concern over Mexico's ability to achieve meaningful economic growth given
President Trump's protectionist rhetoric with regard to U.S.-Mexico trade
policy. Nonetheless, in 2017, rhetoric proved less impactful than reality, as
Mexico's economy fared better than expected and real GDP grew 2.3%
year-over-year. The travel and tourism industry continues to play a vital role
in Mexico's overall economy and international visitation into the country's
capital reached a new record, growing 12.2% over 2016 levels. The 2018 outlook
remains promising, in spite of uncertainty around NAFTA negotiations and
upcoming presidential elections.
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Thursday, March 01, 2018