Mexico's economy appears set to grow above trend in 2015: Societe Generale

Quotes from Societe Generale Cross Asset Research:

-After peaking in July 14, the Mexico's unemployment rate declined to 3.76% in December as pace of hiring increased with strengthening economy. The seasonally adjusted unemployment rate fell to 4.38% - the lowest since October 2008.

-Given the further improvement in growth indicators recently, we expect the seasonally adjusted rate to fall further to 4.30% in January, even while the non-adjusted rate will likely rise to 4.45%.

-Looking ahead, the economy appears set to grow above trend in 2015 and beyond which will help tighten the labour market further. This is will likely keep the downside risk to inflation in check even while the economy's growth potential could continue to rise over next few years.