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Economic Outlook
"So Far From God and So Close to the United States" - November 2001 | "So Far From God and So Close to the United States" - November 2001 |
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..Mexico Economic & Political Forecast
This famous quotation from former President Porfirio Diaz comes to mind when contemplating the fallout of the September 11 attacks on Mexico. There will be detrimental impacts both on the nation's economy and on its global political standing. In economic terms, Mexico will continue to follow the American decline, since it is dependent on the US for nearly 90% of its export sales. Politically, Mexico slid from its status as a privileged geopolitical partner to a 2nd or 3rd tier power in the halls of Washington, all in a matter of weeks. Mexico began 2001 with a highly optimistic outlook. The year will end with negative growth, a weakened forecast for 2002, and diminished influence in the global community. Mexico's economy is split between domestic and export sectors that are relatively independent of each other. These two economies each depend for their strength on a different set of factors. |
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