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