Mexico recently disclosed its growth data of the year, according to which the nation has grown only by 2% as compared to its growth last year. The reasons behind this fall are said to be lesser manufacturing of products, cut in spending by government and consumers have lost the confidence in the country’s economy.
Apart from these, falling oil prices and decrease in demand from American consumers are also holding Mexico back from growing as almost third of its economy is dependent on America.
Political uncertainty in the country is also affecting the economy badly. Nation’s president has the smallest approval rating. All these factors are putting the country below