Friday, July 31, 2009
[IWS] OECD ECONOMIC SURVEY of MEXICO 2009 [30 July 2009]
IWS Documented News Service
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
Organisation for Economic Cooperation and Development (OECD)
Economic Survey of Mexico 2009 [30 July 2009]
http://www.oecd.org/document/53/0,3343,en_2649_33733_43393781_1_1_1_1,00.html
and
Executive Summary
http://www.oecd.org/document/1/0,3343,en_2649_33733_43393921_1_1_1_1,00.html
POLICY BRIEF
http://www.oecd.org/dataoecd/23/28/43371045.pdf
[full-text, 12 pages]
[excerpt]
Despite improved fundamentals, Mexico has not escaped the world
economic recession. The global manufacturing downturn and the collapse
of trade, notably with the United States, have depressed the real sector.
Reduced availability of credit has started to bear on activity, although the
financial sector has so far weathered the global crisis. Low oil prices are
putting pressure on budget revenue, despite a welcome hedging this year.
The change of sentiment of international investors towards emerging-market
borrowers has led to reduced net capital inflows and a large depreciation
of the currency. The outbreak of influenza is likely to also contribute to the
downturn. Thus, growth is set to be negative this year and recover only
gradually in 2010. The authorities have responded with liquidity measures,
lower interest rates, foreign currency interventions and a fiscal stimulus. But
there might be room for more policy action.
AND MUCH MORE....including CHARTS....
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
Organisation for Economic Cooperation and Development (OECD)
Economic Survey of Mexico 2009 [30 July 2009]
http://www.oecd.org/document/53/0,3343,en_2649_33733_43393781_1_1_1_1,00.html
and
Executive Summary
http://www.oecd.org/document/1/0,3343,en_2649_33733_43393921_1_1_1_1,00.html
POLICY BRIEF
http://www.oecd.org/dataoecd/23/28/43371045.pdf
[full-text, 12 pages]
[excerpt]
Despite improved fundamentals, Mexico has not escaped the world
economic recession. The global manufacturing downturn and the collapse
of trade, notably with the United States, have depressed the real sector.
Reduced availability of credit has started to bear on activity, although the
financial sector has so far weathered the global crisis. Low oil prices are
putting pressure on budget revenue, despite a welcome hedging this year.
The change of sentiment of international investors towards emerging-market
borrowers has led to reduced net capital inflows and a large depreciation
of the currency. The outbreak of influenza is likely to also contribute to the
downturn. Thus, growth is set to be negative this year and recover only
gradually in 2010. The authorities have responded with liquidity measures,
lower interest rates, foreign currency interventions and a fiscal stimulus. But
there might be room for more policy action.
AND MUCH MORE....including CHARTS....
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
# posted by SBasefsky : 6:14 AM
