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The effects of stalemate in the political system, the effects of the global economic crisis, drop in remittances from the USA and declining tourism, all worked to reduce GDP at the rate of 5.9% in the 1st quarter of 2009.
Grouped Articles
U.S. Recession Stymies Mexico's Growth for 2009
Wall Street Journal 01/09/2009
Wall Street Journal 03/18/2009
Economist 07/09/2009
Wall Street Journal 11/21/2009
Wall Street Journal 11/24/2009
Mexico City subway, struggling to make ends meet, may raise fares
Washington Post 12/05/2009
With replacement of Ortiz at the Central Bank bringing in Carstens and the appointment of Social Developmet Minister Cordero, President Calderon is moving towards policies that promote jobs and growth. GDP declines 7% in 2009.
Grouped Articles
Pocketbook Issues Weigh on Mexico Voters
New York Times 06/30/2012
Mexico, in Shake-Up, Taps Economic Chiefs
Wall Street Journal 12/10/2009
Ortiz Made His Mark By Fighting Peso Crisis
Wall Street Journal 12/10/2009
Mexico: The Other Central Banker Under Fire
BusinessWeek 12/03/2009
Departing Mexican Leader Leaves a Mixed Legacy
Wall Street Journal 11/30/2012
The efforts by Calderon to support social spending and reduce the deficit, and to push for reforms, even as his party PAN lost the midterm elections.
Grouped Articles
U.S. Recession Stymies Mexico's Growth for 2009
Wall Street Journal 01/09/2009
Pocketbook Issues Weigh on Mexico Voters
New York Times 06/30/2012
Economist 09/10/2009
Wall Street Journal 11/21/2009
Wall Street Journal 11/24/2009
Mexico City subway, struggling to make ends meet, may raise fares
Washington Post 12/05/2009
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