Yet, in spite of this uncertainty and the relatively weak rebound of the U. S. economy, Mexico’s actual economic growth has been higher than expected, to a large extent, due to two external factors: solid demand for Mexican exports, and unusually favorable financing conditions. 2 Obviously, these factors are not independent from the economic policies implemented by developed countries.
Let me now examine them in more detail. External supporting factors Along with the world economy, Mexico is currently in its 13th quarter of economic expansion. Because of Mexico’s large degree of openness, the revival of world trade has translated into a significant impetus for Mexican economic activity.