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Monday, July 15, 2019
06:08 PM
Mexico Central Time
MARKETS AND DATA: US Dollar: $12.65 Euro: $16.78 Gold: US$1,327 Silver: US$20.39 Mex Crude: US$102.50 Cetes 28: 3.85%

posted 2009-05-29
Positive May for financial data.
The peso recovered 5% to the U.S. Dollar. The Mexican Crude Oil gained 22% scoring above the US$60 barrier. The Mexican Stock Exchange experienced an 11% rise. The gold and silver increased 6% and 19%.


Finale of the economic downturn

July 13, 2009. 01:15

Mexico has been deeply affected by the world economic crisis; however, when looking at other economies the context always give better shape.

Click in the figure alongside where Mexico is compared with other economies.

In a meeting with the board of BBVBancomer the Mexican Minister of Finance, Mr. Castens, expressed that the economic downturn has reached its finale. The recovery will come from 7 factors: a depreciated Peso rounding 13 per US$1, additional trade liberalization, the strategic geographic location, the strengthening of the credit system by using the pension funds, the investment on infrastructure, the activation of the housing market, and the government anti-crisis policies.

DoingBusinessInMexico Staff
Published: July 13, 2009. 01:15 | Last updated: July 13, 2009. 01:15
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