Mexico: Don’t write off the Aztec Tiger

Mexico's economic growth has juddered to a halt for the moment. But the long-term picture still looks promising.

Last December, when Mexico's president Enrique Pea Nieto was elected, there was talk of Mexico turning into an "Aztec Tiger", thanks to structural reforms and auspicious fundamentals. But now "the tiger appears to have run out of puff", says John Paul Rathbone in the FT.

The economy actually shrank marginally in the second quarter the first decline in four years and the government has cut its 2013 GDP growth forecast to 1.8%. Protests against structural reforms have spread, while Mexican assets were caught in the emerging market sell-off.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.