Official: Mexico's economy 'bullet-proof'

MEXICO CITY, Nov. 29 (UPI) -- The Mexican economy is "sufficiently bullet-proof" to overcome any political hurdles, the Mexican Economy Secretary said Monday.

Fernando Canales says he anticipates Mexico's economy this year will grow more than four percent, while inflation remained less than four percent.

Recently, the investment bank J.P. Morgan said it expected the Mexican GDP to reach 4.1 percent this year, but to decrease to 3.8 percent during 2005.

But Canales said, in general terms, predictions from other experts in the private sector indicate the Mexican economy could grow another 3.5 percent next year.