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Mexico & Nafta - February 2016 (ISSN 1741-444X)
Intensifying capital flight as Peso fall continues
While Mexico’s economic fundamentals stand in fairly stark contrast to those of Brazil – with the region’s second biggest economy expected to post real annual GDP growth of about 2.7% this year, compared to the deepest recession in a century in Brazil – in January Mexico suffered the fastest capital flight in seven months, as traders rapidly pull funds out of the country in line with the continuing devaluation of the peso.
