Mexico lags in regional economic growth - latimes.com: "Mexico is near the bottom of the barrel in economic growth projections for Latin America, a new report says.
The report, by the United Nations' Economic Commission for Latin America and the Caribbean (ECLAC, which is also known by its Spanish acronym, CEPAL), is an annual assessment of the state of economies, what's driving, or slowing, growth, the impact of fiscal and trade policies, and the like....
ECLAC notes that Mexico grew by 5.4% last year, but that only partially compensated for the huge decline of the year before, a loss of 6.1%. Mexico's economy is closely entwined with that of the United States, and it suffered in the global downturn more than some other countries in the region.
The report projects that Mexico will generate just under a million jobs this year, "insufficient to keep up with the annual increase in the economically active population." It calls for urgent economic reforms to spur growth, encourage investment and enhance productivity."
The MexicoBlog of the Americas Program, a fiscally sponsored program of the Center for Economic and Policy Research (CEPR), is written by Laura Carlsen. I monitor and analyze international press on Mexico, with a focus on security, immigration, human rights and social movements for peace and justice, from a feminist perspective. And sometimes I simply muse.
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