Guadalajara Reporter

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Jan 27th
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Home News National Why Mexico should fear the US ‘fiscal cliff’

Why Mexico should fear the US ‘fiscal cliff’

As the United States veers ever closer to the dreaded “fiscal cliff,” should Mexicans also be bracing themselves for an economic fall?

If President Barack Obama and the Democrats fail to reach an agreement with the Republican Party ahead of the looming December 31 deadline then a combination of increased taxes and government spending cuts is expected to push the U.S. economy into immediate recession. The effects of this would be felt worldwide, with Mexico at particular risk.

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