Mexican Economic Growth Down 6.8%. Mexico to record shrinkage of economic growth to 6.8 percent in 2009. Results are the worst economic achievement for Mexico in the last 30 years. [
kumpullink]
It was announced by the Ministry of Finance of Mexico as reported by the Associated Press (AP), Saturday (30/1/2010). "The decline of Gross Domestic Product (GDP) is due to the weakening currency and 6.2 percent of the debt crisis since 1995" says the report.
Based on these reports, in the fourth quarter of 2009 has been improved with an increase of 1.2 percent compared with the third quarter. Although the level of economic output is 3 percent lower than the same period in 2008. However, it is the second quarter in a row in which GDP growth in the economy rose 2.9 percent in the third quarter. Previously, recorded a decrease to 10.3 percent in the second quarter.
The government originally estimated it would be full Mexican economy contracted in 2009 to approximately 7 percent. This year, the Ministry of Finance expects Mexico's GDP can grow approximately 3 percent.
"Evolution recently showed the probability of economic growth may be greater than the predictions of a lot" he added. Meanwhile, recorded as many as 181,271 people lost their jobs who are registered officially in 2009 and approximately 107 million Mexican citizens working in the informal sector.