Why Mexico should fear the US ‘fiscal cliff’
- Details
- Published on Friday, 28 December 2012 11:40
- Written by Duncan Tucker
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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