The Mexican economy should pick up again following any US-led recovery next year, says Paul Wimborne...
The Mexican economy should pick up again following any US-led recovery next year, says Paul Wimborne, assistant manager on the Five Arrows Global Emerging Market Fund. In recent years, Mexico's economy has grown steadily, its growth closely correlated with that of its American neighbour, which takes 85% of Mexico's exports. The 10-year boom in the US, coupled with stable government, has seen Mexican unemployment shrink to historic lows and salaries rise to new levels. However, the slowdown in the US has seen Mexico slip quickly into recession, with negative growth of 1% expected this year...
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