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Euromonitor International was pleased to contribute to the 15th Mexico Business Summit on October 22-24, 2017 in San Luis Potosi. Speakers – including Enrique Peña Nieto, President of Mexico; Carlos Slim Helú, Honorary Chairman of Grupo Carso; José Antonio Meade, Finance Secretary of Mexico; John J. Sullivan, US Deputy Secretary of State; Bart Van Ark, Executive Vice President, Chief Economist and Chief Strategy Officer at The Conference Board; Karl Rove, Former Deputy Chief of Staff and Senior Advisor to President George W. Bush – explored Mexico’s options for the future, not only with respect to its relationship with the USA, but also in the context of the forthcoming Mexican presidential election and its strategic priorities in the region and beyond.
I participated in the session “How to maintain consumer demand to support economic growth”. Together with Armando Uriegas, CEO of Nielsen Mexico & Nielsen Ibope Mexico; Enrique Zorrilla, Chairman and CEO of Scotiabank México; and Yael Smadja, CEO of Smadja & Smadja USA, we examined Mexico’s changing consumption patterns; the role of finance, technology and e-commerce in supporting consumer expenditure; and measures to boost middle class purchasing power. In the face of more challenging external conditions, boosting domestic consumption makes a lot of sense because it will make the highly-open Mexican economy more resilient.
Other key themes arising from the summit include: