Three months from now, when Mexico’s new president Felipe Calderón takes office, many will consider it a dubious honor. These are perhaps the only two certainties in Mexico’s politics right now. With oil prices higher than ever, its country-risk premiums lower than ever, remittances from abroad, tourism revenues, and foreign investment hitting all time highs, and annual GDP growth estimated at 4.2% for this year, Mexicans – in many ways – have never had it so good.
Three months from now, when Mexico’s new president Felipe Calderón takes office, many will consider it a dubious honor. These are perhaps the only two certainties in Mexico’s politics right now. With oil prices higher than ever, its country-risk premiums lower than ever, remittances from abroad, tourism revenues, and foreign investment hitting all time highs, and annual GDP growth estimated at 4.2% for this year, Mexicans – in many ways – have never had it so good.