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Economy & Business - August 2007 (ISSN 1741-4431)
MEXICO: Slowing down
The finance ministry reported that GDP growth in the second quarter was
only up 2.8%, year-on-year. Both the demand and supply side of the economy are
slowing sharply. Retail sales are falling and manufacturing is under pressure.
The great fear for policy-makers is what will happen to the Mexican economy, if
the US economy is as palsied as Ben Bernanke, the chairman of the US Federal
Reserve, seems to believe.
- Will the international financial crisis hurt Latin America?
- MEXICO: Slowing down
- TAX: Government runs into problems
- MEXICO BRIEFS
- BRAZIL: It's an ill wind...
- ARGENTINA: Decent growth in June
- CHILE: Central bank raises rates
- PARAGUAY: Gloom about the economy
- URUGUAY: Inflation target broken
- BOLIVIA: Urban opposition complains about inflation
- COLOMBIA: Central bank raises rates again
- ECUADOR: Populism at work
- PERU: Strong growth but tiny minimum wage increase
- VENEZUELA: Spending surges
- COSTA RICA: Inflation still too high
- CUBA: Tourist problems
- NICARAGUA: Inflation picks up
- DOMINICAN REPUBLIC: US remains main market for exports
- EL SALVADOR: Exports up by 5%
- GUATEMALA: 3% budget increase
- HONDURAS: Trade deficit widens
- PANAMA: Government confident
- PETROLEOS MEXICANOS: Problems
- AGRIBUSINESS: Peru asparagus industry ravaged by earthquake
- REMITTANCES: Mexican remittances start to stagnate
- DEBT: Venezuela suspends Bonos del Sur