Back

Latin American Economy & Business - January 2016 (ISSN 1741-7430)

Mexico: In the eye of the oil storm

With the IMF confirming in its latest forecasts that it expects Latin America and the Caribbean as a whole to experience not one, but two back-to-back years of outright recession in 2015 and 2016, it can be argued that Mexico isn’t doing too badly. For those two years the IMF now sees Mexican GDP bucking the trend and registering positive growth of 2.5% and 2.6% respectively. However, that was before January dealt a nasty surprise – an additional and even deeper slump in oil prices.

End of preview - This article contains approximately 901 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options