Mexico Credit - Goldman Sachs GDP Cut Creates Rate-Bet Delays

After Goldman Sachs Group Inc. and Bank of America Corp. lowered Mexico's growth forecast with the growing concern that the U.S. may relapse into recession, Mexican traders are postponing bets for interest-rate increases. As Gabriel Casillas, chief economist for Mexico at JPMorgan Chase & Co. in Mexico City, said in a telephone interview "With the data where they are and inflation so benign, some are betting there could be an even longer pause. We expected a long pause.” The cause of the country's lowered forecast is belief that Mexico is "highly dependent" upon the American economy. What are your thoughts? Do you agree with this statement? Why or why not?