Strong basics numbed crisis impact: Mexico deputy Sánchez
The impact of the global crisis on Mexico was dulled by strong macroeconomic fundamentals, Manuel Sánchez, a deputy governor of the Bank of Mexico, said in a speech in early February.
Between the second quarter of 2008 and the same of last year, Mexican output per capita plummeted by 10%, Sánchez told a conference on Latin American growth prospects in Florida. The main difference between this and previous financial shocks was the role of external factors, he added, noting that "Mexico was
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