Mexico: Too Strategic To Fail With Strong Long Term Fundamentals
March 10th, 2010 Posted in Forex News | No Comments »HIGHLIGHTS In 2009, Mexico’s GDP dropped by 7%, which was among the worst performances in the world and underscored its dependence on the U.S. consumer. The country was also afflicted by high levels of drug and other criminal violence, declining oil production, an ineffective and often corrupt regulatory system and a serious fiscal situation. While growth is expected to be modest in the next couple of years, the country’s long-term economic, social and political fundamentals are strong enough