Problems which passes through the American economy have gained increasing importance in the present and future evolution of the Mexican economy. It is that the U.S. crisis has affected the Mexican economy on several fronts. Well, the slowdown in the United States which hits demand for Mexican manufactured goods and the remittances Mexican workers sent from the United States.UU., together with the contraction in oil production in Mexico and a minor entry of capital product of turbulence in international financial markets, could lead to the economy of Mexico to grow only a 0.4% on 2009, as considers it a report by the Investment Bank Merrill Lynch. The OECD also coincided with these projections of Merrill Lynch for Mexico. Data from the Mexican economy already show the impact of the crisis. At the end of last week was known the fact that the economy had expanded a 1.6% year on year in the third quarter. This rate of growth has been the lowest in five years.
The weakening of the American economy is also reflected in the deterioration of external accounts that experiences the country represented in a trade deficit of US $2.739 million during the month of October, this being the deficit more bulky since 1991. As expected, the volume of remittances Mexicans sent from us.UU. toward Mexico, it also reflects the problems of the American economy. According to the website Prensa Latina, remittances recorded an annual fall of 6.5% during the third quarter of the year. During the first and second quarter of the year, remittances had registered a fall of 3.4% and 1.1%, respectively. There is no security in the Mexican Government about the extent that on the economy, might be the crisis in the United States.UU. It is that given their direct link to the U.S. economy, the more deep and lasting is the crisis in that country, greater will be the negative impact that will have on the economy of Mexico.
