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Mexico & Nafta - June 2012 (ISSN 1741-444X)
Keep calm and carry on, says Carstens
Agustin Carstens, the governor of Mexico’s central bank (Banxico) believes that Mexico is better insulated now against global economic turbulence than it was in 2008, when the country took a major hit from the US financial crisis and subsequent global slump. Carstens should know; he was finance minister at the time of the 2008 crash. Mexico has displaced Brazil as the new global market darling, with the Mexican bolsa taking in over US$2.0bn to date in 2012 (to mid May), on Banxico figures.
