Swimming With Sharks in Mexico
As the saying goes: when the tide goes out, you find out who has been swimming naked. Few countries have emerged as naked from the receding waters of the global economic crisis as Mexico.
MEXICO CITY – As the saying goes: when the tide goes out, you find out who has been swimming without a bathing suit. Few countries have emerged as naked from the receding waters of the global economic crisis as Mexico. Saddled with an economic contraction of 8% of GDP, higher than any other Latin American country, Mexico is also slipping in the global competitiveness index, lags behind in key social indicators, is being downgraded by investment ratings agencies, and faces the prospect of declining oil revenues, owing to a dramatic drop in production.
MEXICO CITY – As the saying goes: when the tide goes out, you find out who has been swimming without a bathing suit. Few countries have emerged as naked from the receding waters of the global economic crisis as Mexico. Saddled with an economic contraction of 8% of GDP, higher than any other Latin American country, Mexico is also slipping in the global competitiveness index, lags behind in key social indicators, is being downgraded by investment ratings agencies, and faces the prospect of declining oil revenues, owing to a dramatic drop in production.