Central Bankers From Canada And Mexico Predict A Change In The U.S Economy

April 22, 2015

canada-rateThe U.S economy has struggled during the first quarter of 2015 as a combination of poor weather, a steep decline in oil prices and extended port strikes on the West Coast rattled the economy. As the race for the presidential election picks up momentum, presidential candidates will have to map out their financial strategy on how they plan to revive this struggling economy.

However, Central Bankers from Canada and Mexico predict that this slump in the first quarter is a passing phase and they expect the U.S economy to pick up in the coming months. Before the start of 2015, economists predicted a growth rate of 3% for the U.S. economy but first quarter results prove the economy grew by just 1%. Both Canada and Mexico confirm that the United States has placed a number of large orders for building materials, machinery equipment and automotives.

In a statement, Bank of Mexico Gov. Agustín Carstens said “There have been some temporary factors that might produce some mixed figures. But all in all we see a strong foundation for recovery in the U.S. economy. There might be some blips, some pockets of sluggishness, but all in all I think the economy is doing well”.

Presidential candidate Hilary Clinton has her own set of ideas on how to revive the U.S. economy. She believes that in order for the economy to change the top 1% of the wealthiest individuals in American needs to be toppled.