Felipe, Cheery as Ever

One of the constants throughout the economic troubles of the past year and a half in Mexico is Felipe Calderón being about 35 percent more optimistic than the situation would call for. Now that the recovery looms ahead, why should that change? The World Bank projects 3 percent growth in 2010, and Felipe follows that up with predictions of 5 percent growth by the time he leaves office. And not a moment too soon: I believe that would be the first year Mexico has achieved 5 percent growth in real terms since 2000.