AmCham's Economic Forum in Monterrey.AMCHAM -- Monterrey Monterrey (mōntārā`), city (1990 pop. 1,068,996), capital of Nuevo León state, NE Mexico, the third largest city of Mexico. Located c.150 mi (240 km) S of Laredo, Tex. members had the opportunity to hear Everardo Elizondo Everardo Elizondo Almaguer is a noted Mexican economist who has worked for private, public and academic institutions. Since 1998 he has been deputy governor at the Bank of Mexico, the national central bank. He was born in Linares, Nuevo León. , vice-governor of the Mexican Mexican named after or originating in Mexico. Mexican axolotl see ambystomamexicanum. Mexican beaded lizard (Heloderma horridum Central Bank, present a detailed view of the economic expectations for the coming year at AMCHAM's Economic Forum, this past October October: see month. 14. Sponsored by Baker & McKenzie, the event was held at Monterrey's Industrial Club. The Monterrey division of AMCHAM began its Economic Forums in 2001, with the objective of presenting its members with high-level economic projections for the coming year. The end goal is to help with the planning and budgeting process of member companies. The event started with a breakfast followed by a welcoming message given by Jose Enrique Guzman Quiroga, national partner of Baker & McKenzie, who introduced the keynote keynote /key·note/ (ke´not) in homeopathy, the characteristic property of a drug that indicates its use in treating a similar symptom of disease. speaker. In his presentation, entitled en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: "Notes on recent economic evolution," Elizondo explained that the expectations of economic growth in the U.S. have been adjusted downwards as a consequence of the hurricanes, and the depreciation of the yen has been a consequence, in part, of monetary politicies. He also said that the analysts expect solid economic growth and an increased rate of inflation in Argentina and Chile during 2006. And for Mexico and Brazil, he predicts growth below 3.5 percent and a decrease in inflation. In the national overview, he pointed out that during 2005 the expectations of inflation have shown a clear tendency towards the low, and that the inflation anticipated for 2005 reduced from 3.7 percent in last August's survey to 3.6 percent in September's. Elizondo also stated that last July, manufacturing employment (not maquiladora ma·qui·la·do·ra n. An assembly plant in Mexico, especially one along the border between the United States and Mexico, to which foreign materials and parts are shipped and from which the finished product is returned to the original market. ) continued to decrease. What's more, he said that in August, non-petroleum exports and imports of merchandise continued a decrease that began in the second half of last year. After the conference, Elizondo answered questions asked by attendees and received a certificate of appreciation from Roberto Cavazos, executive director of AMCHAM Monterrey Division. Jose Enrique Guzman Quiroga received a certificate, as well, on behalf of Baker & McKenzie for his participation as sponsor of the event. |
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