AMBITIOUS TARGETS

摘要

Mexico's ties to the US economy, its well-capitalised banks and the business-friendly reforms it has in the pipeline mean the country is perfectly positioned to ride the wave of any global economic recovery. Optimism, is such, that there is even talk of the country being classified alongside the BRIC economies.rnEvents have conspired against Mexico in the past few years. The country's economic cycle was on a downward trend even before the global financial crisis erupted, with consumption and credit levels slowing months before the collapse ol Lehman Brothers. Its dependency on exports to the US and to the manufacturing and automobile sectors aggravated the situation further. And so did the devastating effects oi the H1N1 ('swine') flu, which put the whole country on a standstill for weeks and kept tourists away. With a low tax take limiting any space for countercyclical manoeuvres, the arrival of the global recession hit the country very hard.