Banking On Mexico S Future
In fact Mexico is now the most impressive success story in Latin America today (excepting Chile, which has been in a league of its own for 10 years). After decades of economic crises Mexico now combines high growth rates–7 percent last year–with low inflation. Its current-account deficit is an admirable 3 percent of GDP. Last year Moody’s, the credit-risk agency, gave Mexico an investment-grade rating for the first time in its history....