Mexico Economic Analysis: At the Backend of US Unemployment

As per recent Mexico economic analysis this country is going to be under grips of financial crises throughout 2009 fiscal. This has been almost ten years that Mexico as well as entire Latin America and Caribbean are facing economic problems of such magnitude.

It is being expected that by 2008 financial remittances received by Mexico would be stopped. As per economic analysis of Mexico this is going to hamper Mexico’s economic condition to a significant extent.

As per recent Mexico economic analysis this country is going to be under grips of financial crises throughout 2009 fiscal. This has been almost ten years that Mexico as well as entire Latin America and Caribbean are facing economic problems of such magnitude.

It is being expected that by 2008 financial remittances received by Mexico would be stopped. As per economic analysis of Mexico this is going to hamper Mexico’s economic condition to a significant extent.

As far as economic analysis in Mexico is concerned, there is supposed to be an increase in job losses in employment sector. A significant amount of Mexican workers would be losing their jobs in countries such as United States of America, Spain and Australia. This is a crushing blow to economic prospects of Mexico as these have traditionally been biggest financial beneficiaries of Mexico.

According to in depth economic analysis at Mexico a decline in construction industry of United States of America would be severely detrimental to economic prospects of Mexico as lots of Mexicans work over there as well. If healthcare sector is affected in United States of America it would have a bad impact on several Mexicans who are working over there.

Further analysis of Mexican economy has revealed that as an inevitable aftereffect of ongoing global financial crisis costs of living would go up in Mexico. This does not augur well for Mexico’s economy as this implies that it would not be able to use financial remittances that come its way from financially advanced countries.

Mexico economic analysis reveals that if remittances are stopped then its poverty reduction processes would be either delayed at best or reversed at worst. This is further emphasized by findings of a report by Humanitarian Policy Group of Overseas Development Institute, a United Kingdom organization.

This organization did surveys in countries such as Guatemala, Bangladesh, Ghana, Sri Lanka and Uganda. They found out that in these countries financial remittances had been able to alleviate poverty to a certain extent. As per extensive Mexico economic analysis it has been observed that this financial aid is absolutely necessary as it would local entrepreneurs flourish. It would also help address financial imbalances among various sectors of Mexican economy.