'Mexico’s low wages, cheap peso and surging auto shipments to the U.S. -- which buys 80 percent of its exports -- have increased manufacturing competitiveness during the past decade as labor costs in China and Japan have risen. ''This has put Mexico’s economy on a sounder footing than Brazil’s to weather a prolonged global downturn. After trailing growth in Latin America’s biggest economy during the past decade -- and watching as a commodities boom allowed Brazil to increase wages an annual average 3.4 percent above inflation from 2005 to 2011 -- Mexico is poised to outperform Brazil for the second consecutive year.President Felipe Calderon’s government forecasts gross domestic product will expand 3.5 percent this year and says exports will probably surpass a 2011 record of $350 billion. By contrast, Brazil will grow around 2.5 percent, according to a central bank survey of economists this month.'http://www.bloomberg.com/news/2012-06-14/mexico-replaces-chi...-------------------GG/MDP Home Fool
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. M