Posts Tagged ‘Global Recession’
  • Recession in Mexico’s economy
    in Mexico's Economy
    Posted December 30th, 2008 at 7:07 pm
    When the American economy was growing, successive Mexican governments counted on foreign investment and exports to generate growth. Exports account for almost a third of Mexico's gross domestic product. But more than 80 percent of them go to the U.S., and when Americans stop buying, there is no market for Mexican-made goods. Mexico is credited by economists with economic policies that reduced debt and tamed inflation, but that has not saved it from the pain of a global recession. The effe...
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