Mexico Is The Second Largest Economy Of - amazonia.fiocruz.br

Mexico Is The Second Largest Economy Of Video

The Outlet Shoppes at Laredo after reopening in May. Taffic flowing at the World Trade Bridge in October.

Mexico’s economic crisis

Mall del Norte in Laredo after reopening in May. The Texas economy has already taken a Economg hit from a pandemic-driven recession and devastating oil bust. To those setbacks, link one more: a rapidly shrinking Mexican economy. The financial crisis provides an example. From July to Januarytrade between the U. On HoustonChronicle.

Anything Teh happens negatively in the U. It is a vicious cycle. The prospects for a faster recovery have been hurt by the reluctance of President Andres Manuel Lopez Obrador to borrow to finance the massive stimulus spending that other nations have used to support their economies during the pandemic. The lack of source has been made worse by nationalistic policies that discourage the kind of investment that helps economies grow.

Lopez Obrador has focused on returning state-owned oil and power companies to near-monopoly positions, despite laws passed to encourage new investment and competition and commitments made to private companies, including many from Texas. The biggest economic link for Texas will come in border towns, where restrictions on travel between Texas and Mexico have hurt both economies.

The land border crossings between Mexico and the U. Department of Homeland Security. Typically, more than 8 million Mexicans visit Texas each year.

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The virus and related travel restriction have hurt Mexican tourism and shopping in Texas border communities and the jobs they support. The border restrictions have contributed to an estimated 50 percent decrease in this revenue, according to Tom Fullerton, a trade economics article source at the University of Texas at El Paso, who has written extensively on border economics. Especially hard hit are restaurants, hotels and retailers, Conchas said. Hospitality jobs in Laredo initially fell by half from 11, positions to 5, in the first months of the pandemic. Six months later, employment in the sectors was still down 25 percent at 8, according to the U.]