...Mexico's Recovery on Economic Growth Fitch Ratings expects stronger GDP growth in 2014 of 3.3% after facing 1.1% growth during 2013, the lowest economic growth in the last four years. However, recent economic data suggest downward pressures on GDP. The Mexican economy should benefit in 2014 from higher governmental spending, particularly in infrastructure, which will boost the demand of products and services in the country. Mexico's economy should also benefit from a strengthening of the U.S. economy due to exports to that market. Headwinds Faced by Consumer Products Companies Mexico's consumer confidence index remained at its lowest levels since 2011. The short-term effect of Mexico's fiscal reform measures on corporates and consumers could make it difficult to achieve projected GDP growth levels. Increases in individual income tax rates could dampen consumer demand for goods and services, which would affect national and regional retailers. Excise taxes on beverages sweetened with sugar...
