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Thursday, August 25, 2011

Mexico's Economy Secretary Says Another Economic Crisis Unlikely


Last week the Mexican Economy Secretary Bruno Ferrari said in an interview with Agencia Efe that the current economic situation is nothing like in 2009, when Mexico's economy contracted by 6.5 percent, but the government should remain "cautious."
"We have to be very cautious. What could happen now, I see it as remotely possible or very far from looking like the global crisis we already went through, the biggest since the 1920s."

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