MEXICO CITY (Dow Jones)--Mexican billionaire Carlos Slim said the country needs more than $200 billion in annual investment to generate well-paid jobs and economic growth above 4%.

MEXICO CITY-- Mexico needs to generate more electricity to meet the needs of its burgeoning population and developing industries but that seems increasingly tied to the prospect of future economic growth, latest data indicated.

Mexico ’s central bank reduced its economic growth forecasts for this year and next and reaffirmed its readiness to cut interest rates if the global economy further deteriorates.