Mexico’s Rising Foreign Direct Investment
Recent economic developments have led Mexican officials and foreign rating agencies to revise their forecasts upward for 2010. As greater levels of foreign investment bring new businesses and travelers, Mexico’s hotel industry stands to gain. Reflecting a return to a stable post-NAFTA trend line for foreign direct investment, Mexico’s economic minister, Mr. Gerardo Ruiz, announced that foreign direct investment (FDI) is expected to rise to between $17 and $20 billion USD in 2010, an increase over earlier forecasts of between $15 and $17 billion USD. This optimism is supported by Mexico’s leap in ranking on A.T. Kearney’s 2010 FDI Confidence Index.