Mexican Peso Research Paper
Thomas Maxwell
February 17, 2016
4A
This article is about how the value of the Mexican peso has dropped more than 30% compared to the dollar in the last month and has steadily been decreasing over the past several years. This has the citizens of Mexico worried that their economy will follow the path of Greece and other countries that have ended bankrupt. Expert economists however, argue that the decrease in the peso isn't necessarily a bad thing and the Mexico's economy has grown 2.5% in the last year and is estimated to keep on growing in the future. There are many factors that are to blame for the weakening of the peso but the biggest one is that the price of petroleum has decreased. The funds made by PEMEX, Mexico’s national petroleum
February 17, 2016
4A
This article is about how the value of the Mexican peso has dropped more than 30% compared to the dollar in the last month and has steadily been decreasing over the past several years. This has the citizens of Mexico worried that their economy will follow the path of Greece and other countries that have ended bankrupt. Expert economists however, argue that the decrease in the peso isn't necessarily a bad thing and the Mexico's economy has grown 2.5% in the last year and is estimated to keep on growing in the future. There are many factors that are to blame for the weakening of the peso but the biggest one is that the price of petroleum has decreased. The funds made by PEMEX, Mexico’s national petroleum