Thread: Mexican economy rebounds with 2nd quarter growth of 7.6 %

Opportunites seem to be better in Mexico than in the states, they should go home.

Mexican economy rebounds with 2nd quarter growth of 7.6 percent

Associated Press
08/20/10 6:40 PM EDT MEXICO CITY — Mexico's economy grew 7.6 percent in the second quarter of 2010 compared to the same 2009 period, the largest quarterly jump since the global economic crisis plunged the country into recession.

The National Institute for Statistics and Geography reported Friday that the gross domestic product increase was driven mostly by a 7.8 percent growth in industrial output, a 7.4 percent increase in the service sector and a 4.8 percent climb in agricultural production.

In the first quarter the economy grew by 4.3 percent. Last year, Mexico's GDP declined by 6.5 percent, the largest contraction in decades.

Mexico saw a big jump in sales of automotive products to the United States, analysts say.

But such high quarterly rates of growth are unlikely to continue in the second half of the year, according to Alfredo Coutino, the Latin America director of Moody's Economy.com.

Mexican authorities estimate the economy will expand by about 4 percent for the entire year.


http://www.washingtonexaminer.com/econo ... 75789.html

Well obviously Mexican illegals are not here for the jobs, more likely it's all our give away benefits.