Jul 16, 2011

Mexican Economy and the Whack-a-mole Drug War: Mexican central bank acknowledges violence slowing GDP growth

Mexican central bank acknowledges violence slowing GDP growth - Fox News Latino: "The deputy governor of Mexico's central bank acknowledged here that organized crime violence is slowing economic growth, although he said JP Morgan Chase's estimate of a 1-1.5 percent hit to Mexico's gross domestic product was too high.

'One can conclude that, although the Mexican economy continues to grow, it would probably be growing more,' Manuel Sanchez told Efe in an interview after a meeting Thursday with investors in New York organized by the United States-Mexico Chamber of Commerce."

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