Americas
Postcard from Mexico: The glow of economic resilience lightens the shadows of violence New
The Mexican economy has so far remained surprisingly impervious to drug-related violence that has claimed nearly 50,000 lives over the last five years. Much of the economy’s resilience is rooted in the sustained buoyancy in export shipments, as the countries in the Far East have become less competitive. More global manufacturers are now showing greater interest in Mexico and the government has stepped up infrastructure investments, such as the new Baluarte Bridge.
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Economic Reviews:
Americas Review New
As the year 2011 ended, the clouds of pessimism about the economy lightened across the Americas region, as key data trends suggested that earlier fears of a steep downturn were unfounded.
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Country Profiles:
Colombia New
Leaving a violent past behind, Colombia is slowly emerging as a force to reckon with in Latin America. Under the able leadership of outgoing President Uribe, the country made good economic progress and the economy is expected to grow at the rate of 2.5% this year, helped by the turnaround in demand for its commodity exports.
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Chile New
Chile has weathered the recession and a massive earthquake with characteristic resilience. Now, the country is all set to use its abundant resource base and robust economic recovery as a springboard to take the next leap forward.
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Canada Updated
Although Canada moved from 2009 to 2010 with a GDP contraction of 2.5%, it has performed well compared to other developed nations. With home sales increasing, payrolls rising, and commodity prices soaring, Canada is expected to clock a GDP expansion in 2010 as well as in 2011.
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Mexico Updated
One of the most visited countries in the world, the land of ancient Mayans and Aztecs is dotted with a varied landscape from volcanic peaks to snow capped mountains, tropical rain forests and inviting beaches.
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Argentina Updated
Argentina’s encouraging return to political stability and economic growth was disrupted by the global recession. The economy’s pace of recovery since then has been restricted by inconsistent policy responses, poor fiscal management and lack of access to international capital markets.
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