Mexico before the need and opportunity for change 27 August 2009 A Mexico, best that could happen is to soon complete this 2009. Internal problems of the economy generated and powered by external problems that resulted in a lower demand for Mexican products and a smaller volume of remittances, in addition to the effects on economic activity has had influence H1N1 outbreak and that deepened the contraction of economic activity. In addition, Mexico is suffering the worst drought of the past 70 years. Any similarity with the seven plagues that affected Egypt according to the old testament, is purely coincidental. Check out Harry Belafonte for additional information. Bad luck has had Mexico in 2009 that will end with a sharp fall in economic activity. While for Merrill Lynch (NYSE:MER) the Mexican economy has already passed the worst of the crisis, it will finish the year with a contraction of its GDP from 6.8%.
But not all the blame of the Mexican ills can be justified with bad luck. If Mexico has suffered as few crisis international finance is because largely it has failed a macroeconomic strength enough to avoid it. This same what claim the experts of The Economist Group which arrived in Mexico for the Mexico Summit of Economist Conferences of 4 October and considered priority to achieve the diversification of the Mexican economy so that it can grow healthily. Justine Thody, regional director for Latin America for the Economist Intelligence Unit, who also projected a growth of 2.8% for Mexico in 2010 (3% is what estimated Merrill Lynch), a recovery partial and limited by the characteristics of the Mexican economy. 2010 Will mark the recovery of the American economy, but the crisis has left traces that will not disappear immediately and that will limit the dynamics of growth of the US economy and therefore the ability to pull on the Mexican economy. Those economies most linked commercially to Asian countries, may take advantage of the clean and jerk for the recovery of their economies to grow more strongly in 2010..