Carlos Serrano, chief economist at BBVA Mexico: “The main factor explaining the weakness of the Mexican economy is a very significant fall in investment. During the January-September period, this indicator declined by 7.3 percent. The contraction in investment, in turn, explains the very weak pace of job creation. Formal employment, up to November, is growing at only 0.9 percent on an annualized basis. This low rate of job creation has resulted in stagnation in private consumption. In my view, the main factor behind the decline in investment is the perception of institutional deterioration in Mexico. First, the judicial reform resulted in the election of judges and supreme court justices with very limited experience and lack of independence. Second, the new Ley de Amparo reduces the legal instruments available to companies to defend…”
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Diego Arria
Director,
Columbus Group
Merike Blofield
Professor of Political Science,
University of Hamburg
Devry Boughner Vorwerk
CEO,
DevryBV Sustainable Strategies
Joyce Chang
Global Head of Research,
J.P. Morgan
Marlene Fernández
Corporate Vice President for Gov’t Relations,
Arcos Dorados (McDonald’s)
Peter Hakim
President Emeritus,
Inter-American Dialogue
Donna Hrinak
Director,
Adtalem Global Education
Jon E. Huenemann
Council Member,
GLG Inc.
James R. Jones
Chairman,
Monarch Global Strategies
Craig Kelly
Senior Director,
Int’l Gov’t Relations,
Exxon Mobil
Barbara Kotschwar
Professor of Political Economy,
Georgetown University
John Maisto
Director,
US Education Finance Group
Nicolas Mariscal
Chairman,
Grupo Marhnos
Thomas F. McLarty III
Chairman,
McLarty Associates
Beatrice Rangel
Director,
AMLA Consulting
Ernesto Revilla
Head of Latin American Economics, Citi
Gustavo Roosen
President,
IESA
Andrés Rozental
President, Rozental &
Asociados
Shelly Shetty
Managing Director,
Sovereigns, Fitch
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