Pacific Ocean, travel, Hawaii, Kauai,
Pacific Ocean, travel, Hawaii, Kauai,

Pacific Tribune

Gathering Art and Lifestyle News about Issues for the Pacific Basin
December 3rd, 2007

Mexico prepares for US slump

Guadalajara Reporter, Front cover page story

The slowdown in the U.S. economy provoked by the north-of-the-border housing crisis will reduce growth in Mexico to less than three percent of GDP next year, one of the country’s top business executives said this week.  The nation’s automotive and maquiladora sectors will be hit hardest by a slump in the United States, said Armando Paredes, president of Mexico’s Business Coordinating Council.  His comments contrast those made in Guadalajara last week by President Felipe Calderon, who predicted Mexico would enjoy a growth rate of around 3.7 percent in 2008.

Send to Facebook

[Post to Twitter]  [Post to Plurk]  [Post to Yahoo Buzz]  [Post to Delicious]  [Post to Digg]  [Post to Ping.fm]  [Post to Reddit]  [Post to StumbleUpon] 

Posted in Mexico, business, economy, financial crisis |

This entry was posted on Monday, December 3rd, 2007 at 12:11 pm and is filed under Mexico, business, economy, financial crisis. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

Comments are closed.