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Devaluation of Peso Creates Two-Tier System with Imports Priced in Dollars

Publication Date: 17-DEC-08
Author: Mike Moore
Format: HTML

    
Description:
The global recession has not missed Mexico, which is seeing many large commercial projects being postponed or cancelled. However, large industrial and public works projects are going forward as the government fights back by stepping up public-works spending. The result has been a mixed impact on prices of construction materials in Mexico.
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