Mexico’s structural reforms are “incomparable” OECD says

Mexico (Notimex) – Mexico’s structural reforms are incomparable amid a complex international scenario, said the Secretary General of the Organization for Cooperation and Economic Development (OECD), José Angel Gurría (pictured above).

Mexico has been able to build up a collection of assets, even as the country faces uncertainty and challenges from the U.S. elections, Gurría said during the seminary “Economic Perspectives 2017,” held at the Instituto Tecnológico Autónomo de México (ITAM).

“Going forward, the country needs a second round of reforms and more unity,” he added.

The legacy of the 2008 crisis has been slow growth, high unemployment rates, growing inequality and less confidence in institutions, he added.

But during the first years of the current administration, a number of structural reforms were approved in Mexico that make the country incomparable to other OECD members.

“We are at a stage of implementing those reforms, but the direction of the compass is clear,” he added.

After these structural changes, there must be a second round of reforms, he said.

Photo: Javier Lira/Notimex