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Economic Viewpoint

Mexican economy: Its stability contrasts with the rest of Latin America

May 5, 2016

Recently, Latin America’s major economies have run into a number of problems, especially its largest economy, Brazil. However, Mexico has been showing stability in the last few years. The country has managed to capitalize on both strong relative growth by U.S. domestic demand and a fruitful diversification of its economy. This Economic Viewpoint provides a brief profile of Mexico’s economy. Mexico is still quite dependent on the situation in the United States, which could be beneficial in the near term. Oil exports are not as critical as they used to be and growth has received more support from manufacturing. However, the Mexican economy’s growth is disappointing compared with that of other emerging markets. It is curbed by a number of negative factors, particularly poverty, security and confidence in public institutions.