TIWN
Mexico City, Feb 22 (TIWN) Mexico needs a "comprehensive reform agenda" to boost investment and economic growth, the Organization for Economic Cooperation and Development (OECD) said.
The OECD Economic Survey of Mexico noted that more robust economic growth and more jobs, combined with increased social spending, would help reduce poverty and improve social cohesion, reports Xinhua news agency. "Mexico has great potential to become a high-growth economy, with higher living standards for all," said OECD Secretary-General Mathias Cormann when presenting the study during a virtual event. "An ambitious and comprehensive reform agenda will be needed to turn this opportunity into reality," added the head of the OECD at the event, which Mexican Finance Minister Rogelio Ramirez de la O also attended. The OECD said that Mexico should prioritize reactivating private investment and reversing low productivity to improve growth potential in the medium term.
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