Mexico sees partial recovery in FDI in 2010

Published: 01 Mar 2010 02:29:43 PST

MEXICO CITY, Feb 26 - Foreigners will boost direct investments in Mexico to between $15 billion and $17 billion in 2010 as the economy recovers from a deep recession, Deputy Economy Minister Felipe Duarte said on Friday.

Foreign direct investment plunged to $11.4 billion in 2009, 51 percent less than in 2008 as the country's economy suffered its worst contraction since 1932.

The economy is expected to only partially recover in 2010, and the economy ministry's forecast still would put FDI well below the $23.2 billion that Mexico drew in 2008.

Duarte was speaking on Mexican radio.