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U.S. Recession Stymies Mexico's Growth for 2009
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With 80% of its exports going to the U.S. the growth rate and jobs in Mexico are seeing the impact Finance Minister Carstens expects no growth in 2009. As Mexico's finances are in better shape than in past recessions there is room for some stimulus projects by Petroleos Mexicanos, the government oil company, by auctioning 2 highway projects, for expanding unemployment benefits, and giving $150 million in aid to industries hit by the credit crisis. About 250,000 manufacturing jobs were lost in the last few months of 2008.
Mexico's efforts to cope in the 2009 global financial crisis
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U.S. Recession Stymies Mexico's Growth for 2009
Wall Street Journal 01/09/2009
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U.S. Recession Stymies Mexico's Growth for 2009
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Emerging-Market Slide Tests How Much Nations Learned From Past
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Effects of the crisis on Latin American economies.
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The effects of the global economic crisis on Mexico in 2009 -2010.
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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.
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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
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