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3 years ago

14

How does the global price of oil affect the economy of mexico and why?

1 answer:

nikdorinn [45]3 years ago

7 0

The global price of oil affects the economy of Mexico because of over one-third of federal public spending. Which in turn lowers the value of the peso even more. Mexico is rebuilding its energy sector in particular, by exporting oil so if the oil prices plummet, it rebounds on the economy.

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