How will come out the Mexican economy of the vicious circle in which is wrapped? Buenos Aires, Argentina on February 26, 2009 the American crisis has provoked an effect dominoes in the economy of Mexico that fails to reverse the downward trend of its activity. As if there were a few problems that must face the Mexican economy, they are empowered each other aggravating the situation. Unemployment in Mexico continues to rise and has already reached its highest level in eight years. Lakshman Achuthan: the source for more info. The unemployment rate is now at 4.84% of the economically active population (PEA), which implies that 2.260.000 people do not have a formal work (415.800 more than a year ago behind). Click Ren Riley to learn more. The Outlook for the labour market in Mexico aren’t all positive by the confluence of multiple factors. The crisis that is experiencing the American economy along with the hardening of immigration policies in that country, are generating to large number of Mexicans to return to the country to swell the number of unemployed. Another phenomenon that is affecting the Mexican labor market is the increase of the working age population. With the highest level of unemployment and the increased risk of job loss for those who possess it, the consumption of families is has country significantly, much more on durable goods.
The companies have also limited their investment projects. The worst situation faced by both families and businesses has impacted on the quality of the loan portfolio of the banking entities. The delinquency rate for loans from banks in Mexico amounted to 3.36% in the month of January (in December 2008 amounted to 3.21%). Consumer credit segment experienced an increase in delinquencies reached 8.31% of the total portfolio. The external environment has affected the status of Mexican companies. The sharp drop observed in exports entailed a sharp drop of income of enterprises which cannot withstand with ease.