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Old 02-21-2011, 11:24 PM   #1
U5pz6B71

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Default Mexico's GDP grows in 2010 at fastest pace in a decade
This news should be celebrated by anyone who wants to stem immigration from Mexico. The quickest and most permanent solution to keeping Mexican workers from coming to America looking for work is to have a Mexican economy that provides work for them.

Let's hope their economy continues its upward trend.

LA Times: http://www.latimes.com/business/la-f...tory?track=rss

Mexico's gross domestic product expanded last year at the fastest pace in a decade as Latin America's second-biggest economy recovered from a 2009 recession provoked by the global financial crisis.

GDP, the broadest measure of a country's output of goods and services, grew 5.5% last year, the most since 2000, the national statistics agency said Monday. GDP expanded 4.6% in the fourth quarter from a year earlier. The economy was forecast to grow 4.4% in the final quarter, according to a Bloomberg survey.

The economy grew more than forecast in the fourth quarter because the U.S. performed better than analysts had expected, a trend that will probably continue to boost growth in its southern neighbor this year, said Sergio Martin, chief economist for Mexico at HSBC Holding.
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