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Mexico’s economy was supposed to soar. It’s starting to flop. - The Washington Post
Keywords:
Tags: Current Focus, Mexico,
Mexico's growth rate has averaged annual growth of below 2% for 2013-2015 under the Pena adminstration. Predictions were for growth of 5-6%. The investment in the oil industry is low with decline in demand for oil. The peso has dropped in value to 16 to the U.S. dollar in August 2015 compared to 13 in 2014. The popularity rating of the Pena administration dropped to 34% in August 2015.
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Mexico’s economy was supposed to soar. It’s starting to flop. - The Washington Post
Washington Post 08/08/2015
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Growth averaged below annual growth of 2% for 2013-2015, way below predictions of 5-6% growth following the opening of the oil industry to foreign investment and other reforms. The popularity rating of the Pena administration has dropped to 34% in August 2015. The peso has dropped in value to about 16 to the dollar from about 13 the prior year. Foreign investment in the oil industry is low with the lower demand for oil in 2015.
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