<Economy-Mexico> Just doing fine thank you.
In case anybody is interested here is a bit of good news from south of the border, a very important trading partner at that.Certainly more important than Russia,Indonesia and some them other guys.
Mexico Weathers Storm in World's Developing Economies
By Thomas Black
Monterrey, Mexico: Shoppers pack the El Puerto de Liverpool SA department store here. Cemex SA, the world's third-largest cement maker, raises prices 10 percent. Seagate Technology Inc. can't hire fast enough. The Bolsa stock index may have lost half its value this year, but signs abound that Mexico will avoid the kind of economic collapse that devastated other developing economies. A weak peso is keeping Mexico's export factories humming. Jobs are plentiful and wages are rising. Consumers, with little debt, keep spending. ''We've been hiring like crazy down here,'' said Jo Ann Rainbolt, a spokeswoman for Scotts Valley, California-based Seagate. The company, the largest maker of computer disk drives, is recruiting as far away as Mexico City to fill 600 jobs at its new plant just across the border from McAllen, Texas.
(source:Bloomberg) |
