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MISSION

Ecanal conducts economic research and analysis of economic trends in Mexico's risks and opportunities, and of government policy from the perspective of the private sector with a normative approach. It offers business a structured view of key economic issues and forecasts with a straightforward, direct language, as an aid to company planning.

WHERE IS THE ECONOMY? (24 Dec 2014)

Global growth this year has been weaker than in 2013, as we expected. Also, as we expected, the improvement in the euro zone is temporary, as it remains highly indebted and lacking any exchange rate flexibility, apart from the euro depreciating against the dollar, which will not suffice for the region to overcome its lack of growth and over-indebtedness. For 2015 we expect the euro zone to fluctuate between a stagnant level of activity and recession.