Mexico's economic downturn is closely tied to the U.S. recession.
Gallon of gas $2.19
Interest Rates 6.75%
Challenges The Mexican economy's close ties with the U.S. economy slowed growth to a near-standstill by the end of 2008, especially due to the drastically lower price of oil exports to the United States. The economic situation has increased tension between the two nations, as budgetary constraints keep the United States from helping to quell an escalation of drug-related violence near the border.
Solutions The Mexican government announced a $54 billion stimulus plan on Jan. 7 that increased public works spending and froze prices on gasoline, natural gas and electricity. The government also said it would invest in small businesses in an attempt to boost the struggling labor market.
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Sources: IMF, national statistics offices, central banks, natinal stock exchange, AIRINC