The capture of the world’s most- wanted narcotics boss shows Mexico is making headway in a drug war that has curbed economic growth while helping to leave at least 92,000 people killed or missing since 2006.
Gabriel Casillas, formerly chief Mexico economist for JPMorgan Chase & Co., took the job as top economist and head of research at Grupo Financiero Banorte SAB, he said in a phone interview from Mexico City.
Mexican consumer prices rose more than expected in December, pushing annual inflation to its highest since June, after the nation’s capital raised subway fares and congress approved new taxes on junk food.
Since President Enrique Pena Nieto took office last December, Mexico has embarked on a flurry of structural reforms in areas as varied as telecommunications, education, taxes and the country’s national oil industry.
Mexico is on the cusp of opening its energy industry to outside investment as a wide consensus has developed that the constitution must be changed to end the government’s monopoly on production, according to a board member of state-controlled oil producer Petroleos Mexicanos.