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Tuesday, 8 September 2015

Investor Insight: How Strong Is Mexico's Economy?

On September 2, Mexico’s President Enrique Peña Nieto gave his annual state of the union address at the regal Palacio Nacional in Mexico City’s historic center. The speech tacitly acknowledged Mexico’s government’s struggles to improve public security and kick-start meaningful economic growth. Peña Nieto, after all, had seen his approval rating plummet to 35% this past year as scandal after scandal, including the abduction of 43 student teachers, the cancelation of a major public works contract, and the escape of cartel boss Joaquin “El Chapo” Guzman tarnished the country’s image. “Our country was deeply hurt by a series of cases and terrible events… have damaged the mood of Mexicans as well as their confidence in government institutions,” Peña Nieto explained in his speech.

from Forbes - Leadership http://ift.tt/1K4hZJ5

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