Damian Fraser
Damian Fraser
haven mexico safe situation
Mexico would become a safe haven should the situation worsen in Argentina.
budget budgets contains expected given passage
In general, the passage of the budget is expected to go smoothly, given it contains little that is new or controversial.
came market number rallying since taking
The market is taking it positively, it's rallying since this number came in.
change given investors mexico profits signals sitting taking trend
Investors are sitting on profits in Mexico and are taking them now, given the nervousness in Argentina. I do not think this signals a fundamental change in the long-term trend in Mexico.
certain consumer electricity evidence growth impact increases metro moderate price recent rising tax touched wage
While there is evidence that GDP growth has touched bottom, the recent tax increases on certain consumer goods, electricity and metro price hikes, more moderate real wage rises, and rising unemployment are probably going to impact consumption in 2002.