Monday, June 1, 2009

The worst of the epidemic is over, but Mexico's economy is hit hard

Mexico’s economy caught the flu rather badly, and has contracted 8.2% in the first quarter of 2009. Experts assess that it is likely to continue to sink further and faster than had been expected. Look for a recovery of the patient in the second quarter of 2010.

Mexico factsheet (data from the Economist Intelligence Unit):

  • Area 1,972,545 sq. km.
  • Population 104.9 million
  • Number of households 24.1 million
  • Fertility rate (per woman) 2.4
  • Adult literacy 91%
  • GDP US$677 billion
  • Agriculture 4.1%
  • Industry 26.4%, of which manufacturing 19.5%
  • Services 69.5%
  • Mobile phone subscribers per 100 pop. 36.6
In the meantime, your research for investment opportunities may start with the following Mexican funds and companies: iShares MSCI Mexico, Telefonos de Mexico, Cemex, Mexico Fund, Mexico Equity & Income Fund, Cimarex Energy, America Movil.

After which, look forward to the good times of tequila, the doffed sombrero, and the siesta...

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