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03-08-2011, 12:17 AM #1
If the oil prices go up, Mexico wins
If the oil prices go up, Mexico wins
Sat, 5 Mar 2011 | Published in Mexico's Economy, Oil
Mexico will experience a positive fiscal impact on their current account because of rising international crude prices, according to the Investment bank Merrill Lynch.
In a report issued Friday, the company said that for every $ 10 increase in oil price Mexico fiscal impact will be equivalent to 0.4% of Gross Domestic Product (GDP).
As in Venezuela, “the impact on Mexico is also high, 0.4% of GDP, as oil revenues account for about one third of total revenues of the federal government,â€Support our FIGHT AGAINST illegal immigration & Amnesty by joining our E-mail Alerts at https://eepurl.com/cktGTn
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