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Summary |
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The economic
outlook continues to deteriorate notably, as the Mexican economy is expected
to suffer the effects of the global financial crisis fully. In fact, some
analysts are already anticipating an outright recession for the full year,
following on the rapid deterioration of the growth outlook for the United
States. Although the financial sector has so far been insulated against the
effects of the credit crisis, Mexico will decelerate sharply as export
growth moderates and remittances from abroad decline in the wake of the U.S.
downturn. Meanwhile, Congress recently approved the budget for 2013, which
includes a strong spending increase leading to the largest fiscal deficit in
almost two decades.
For the latest overview of the mexican economy please visit the FocusEconomics. |
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