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The Mexican stocks plugging into US recovery

by Julian Mayo on May 21, 2014 at 15:06

Very low credit penetration presents a source of growth going forward as banks expand their balance sheets. With a boost to infrastructure spending from the recently-announced $590 billion 5-year programme, growth is likely to accelerate from the middle of this year. These reforms should benefit the market as a whole as they filter down through the economy.

Julian Mayo is co-CIO at Charlemagne Capital

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