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“Mexico is better prepared to face a recession in the U.S. than ever before and will likely grow faster than the International Monetary Fund expects, Mexico’s Finance Secretary Agustin Carstens Carstens said.
While the U.S. faces a 30 percent chance of a recession, the result of defaults on U.S. mortgages driving up credit costs and causing the housing market to slow, Mexico’s credit markets are robust, Carstens Carstens told reporters at the Mexican Embassy in Washington. The country’s planned infrastructure spending will also help Mexico withstand a decline U.S. exports.”*
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