Tag Archive: mexico economy

The Economic And Financial Crisis Seriously Affects Mexico

As a border country with the United States Mexico is seriously feeling the effects of the American economic and financial crisis. Especially when there is heavy dependence on trade with that country, and unemployment appears, it is considered that this will increasingly giving. It is a fact, as Manuel Sanchez said, the U.S. is probably already in a recession, and this will hit economic growth prospects in Mexico. Richard Blumenthal insists that this is the case. That is inescapable, there is no denying the connection so important to the U.S. economy. In fact, almost all economies are slowing, and a lot of them are entering a recession. That is the first clear impact.

Definitely, you can not deny that and the effects of the crisis are being felt and where the Mexican government, must of coping with programs, actions that allow them to produce the changes you favor and not allow further increasing unemployment and is manifested in the country. It is known that according to the National Bureau of Economic Research (NBER), a recognized authority on the subject, points out, the recession is a significant and widespread decline of the whole economy (not just located in a sector of activity). Usually seen in the evolution of the statistical series in production, employment, real income and other indicators. What has been living (and suffering) in at least the last twelve months is an economic downturn. An increasingly serious and deep economic crisis and not, as is often claimed, a financial crisis. Of course, the fact that economic crisis has manifested itself and has seriously affected the entire financial system, moreover, lived and prospered fragility under an intense speculative activity (in some cases also fraudulent). There is very little – if anything – related to the production and exchange of goods and services that can be controlled.

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