Wednesday, October 29, 2008
Mexico's Central Bank lowered growth projections for 2009 to between 0.5 and 1.5 percent. Not to go all Gramm-McCain on you (ya buncha whiners!), but it's still not a recession. It's all related, but the crisis's effect on the labor market (as opposed to growth alone or banking solvency) remains the most worrying aspect of it.