Mexico's año horrible: global crisis stings economy
Ed Skelton () and
Erwan Quintin ()
Southwest Economy, 2009, issue Q3, No 3, 3-7
Initial optimism has been replaced by increasingly dire predictions for Mexico's near-term economic outlook in response to the global economic slump. World trade flows have dried up, which is particularly damaging for nations like Mexico whose economic activity depends critically on exports. At the same time, international financial uncertainty led investors to withdraw capital from emerging markets. Mexico was also confronted with a number of idiosyncratic shocks: a crackdown on drug cartels and local corruption, a flu epidemic and trade disputes with its most important partner. However, recent data suggest the financial system is exhibiting stability even as a severe recession plagues the country. This resilience demonstrates the strides Mexico has made toward reducing its financial vulnerability.
Keywords: Economic conditions - Mexico; Recessions (search for similar items in EconPapers)
References: Add references at CitEc
Citations Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:fip:feddse:y:2009:i:q3:p:3-7:n:3
Ordering information: This journal article can be ordered from
Access Statistics for this article
More articles in Southwest Economy from Federal Reserve Bank of Dallas Contact information at EDIRC.
Series data maintained by Amy Chapman ().