Fly to let investors are being drawn to Mexico after a prediction that it could be the next BRIC economy.

In 2001 Goldman Sachs business guru Jim O’Neil coined the term ‘BRIC economy’ to refer to the explosive growth of the emerging countries of Brazil, Russia, India, and China.

By 2050, the combined economies of these four countries are projected to eclipse the cumulative economies of the current richest countries in the world.

However Mexico appears to be stealthily catching them all up. According to Moody’s Latin America, Mexico is racing out of the recession. It recorded a 4.3 percent growth rate so far in 2010 (faster than the US) and a 10 percent trough-to-peak increase which beats almost every other economy worldwide.

Moody’s expects this growth to continue and Bloomberg reports that the peso has gained 7.5 percent against the dollar so far this year, beating every other major currency, and is expected to rise another 11 percent by the end of 2010.

Mexico also boasts the lowest business tax out of 10 major countries and 95 cities, according to auditing firm KPMG.

Mexico’s unemployment performance is also now stronger than any other economy except South Korea and the Netherlands.

At 5.1 percent, Mexico easily beat the US (9.9 percent), Canada (8.1 percent) and China (9.4 percent).

Real estate development in Mexico, therefore, is far outpacing growth in other countries.

One of the hottest spots is the coastal real estate market, expected to grow faster than any segment in the Americas and internationally.

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