Mexican Economy

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.

Deputy Oscar Figuera

Arturo Navarro, is pronounced pointing, it is necessary that reformulated the law which standard the performance of workers and employers in the country, both public and private. Since the existing law is of the year 1961. For consider of utmost importance for the Venezuelan people the content which will be adopted in the future of the labor law, have considered relevant to bring to the fore what is said of it, based on what little is known, to help alert with regard to some aspects which we believe are important and that the country should be alert andWe will not pass that the remedy is worse than the disease.According to the President of the Commission for social development Integral, Deputy Oscar Figuera, the draft of the project is well advanced and has even pointed out that you possibly subject to discussion in the remainder of the year. And he said, it will be submitted to Discusionlos consulted entrepreneurs stated that they do not know the draft and other specialists, with which we agree, say that the magnitude of what is at stake warrants a discussion that includes the view of the parties involved and not the imposition of the vision that the Government has. It is essential that each sector expose their concerns and be heard by others, to thus be able to arrive at a Council meet or agree with those affected.We believe that, what is to create a law that take effect at the time, modern and adequate to the potentials and political and economic realities of Venezuela and the globalized world. It is no secret that the country is submerged in a crisis in production and productivity as never before in recent decades, so we have had to resort to import our food goods. Among the variables that illustrate this situation the level of unemployment is in comparison in relation to recent years. . Chevron Corp recognizes the significance of this.