Is Mexico's Economic Success Story Facing an Unhappy Ending? Adam Thomson - Financial Times
go to original May 16, 2013

MEXICO CITY - Over the past few years, officials at Mexico’s national statistics agency have become used to publishing the glowing quarterly economic growth figures that have plotted the country’s recovery since the financial crisis.

But on Friday, the statisticians will probably show the world a very different set of numbers – one that, if economists have their estimates right, will confirm the worst year-on-year quarterly result since the 2009 recession. Some even suggest that it might be negative.

Could it be that Mexico’s rebound, which has helped Latin America’s second-largest economy emerge from Brazil’s shadow into full view of international investors, is coming to an end?

There is no doubt that the once solid growth of about 4 per cent that has pushed the country’s gross domestic product to its highest level and stock market to a new record on January 28, has slowed.

Read the rest at Financial Times

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