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Article Excerpt
No matter how much government officials insist that the country has made good progress in the fight against poverty, their assessments pale in comparison with projections indicating that the poverty rate is expected to worsen in the near term because of the impact of the global economic crisis, and particularly the downturn in the US economy. The weak US economy has affected Mexico's most important sources of foreign exchange, including general exports, oil exports, tourism, and remittances. It is no wonder that, along with a projected decline in Mexico's GDP rate this year, pundits are also anticipating a rise in the poverty rate. One projection suggested that as much as half the population had already fallen below the poverty level last year.
In discussing poverty statistics in Mexico, officials are quick...
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