1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Arturiano [62]
3 years ago
9

Write a summary that compares the challenges that the Chinese and Mexican governments face.

History
1 answer:
ale4655 [162]3 years ago
7 0

Answer:Even with the disastrous crude oil crash in 2015, Mexico's economy still performed well in 2016. However, growth slowed in 2017, and the Mexican Central Bank is revising its growth estimates for 2018 and 2019.  In 2018, the Mexican GDP grew at 2.0 percent, unchanged from initial estimates, but slightly below the 2.1% achieved in 2017.According to Mexico's national statistics institute, the second quarter of 2018 saw the rate of growth in Mexico's economy contract, due to the cumulative effect of declining production in the oil, agricultural and industrial sectors along with the prospect of a radical leftist regime change set to take power in December. The quarter was projected for a 0.1% contraction in GDP, but the revised numbers now show the rate of decline actually doubled, down a seasonally adjusted 0.2%, compared to the previous quarter.

A number of service sectors, including commercial activity, transportation, financial, and media, which experienced a 1% expansion in the first quarter of 2018, grew just 0.2% in the second quarter. Industrial sectors, such as mining, construction, and manufacturing, declined by 0.3%. Meanwhile, the growth rates of the agriculture, livestock, and fishing industries took a far more significant hit, with a 2.1% decrease. The Mexican economy advanced 0.2% on quarter in the three months to December of 2018, slowing from a downward revision of 0.6% expansion in the previous period, lower than a preliminary estimate of 0.3% and in line with market expectations. The slowdown was mainly due to a contraction in the industrial sector.  

However, the growth of the Mexican economy is still projected to expand faster in 2018 than in 2017, due largely to accelerated spending that happened before the July 1 presidential election. For 2018 and 2019, economists still expect to see increases of 2.2 and 2.1%, respectively, according to an analysis released in a survey by Citigroup. However, nothing is certain, and some analysts believe there's ample reason for pessimism, such as trade tensions and current political instability concerning the North American Free Trade Agreement (NAFTA) and the impending policy changes of the new president. The International Monetary Fund (IMF), for example, recently downgraded growth forecasts for Mexico in 2019.

KEY TAKEAWAYS

After a slump to just 2.0% GDP growth in 2017, the Mexican economy is projected to grow at 2.5% in 2019 after a 2.3% gain in 2013.

Mexico has a new government as of August 2018, encouraging hope with trade negotiations with the United States, its largest trading partner.

Still, Mexico and its government face several challenges that can disrupt its forecasted growth.

New Mexican President  

In August 2018, the incoming administration of Mexican president-elect Andrés Manuel López Obrador (also known as AMLO) stoked a new round of economic uncertainty when he announced his intention to hold a public referendum over whether to cancel the upcoming $13 billion (USD) construction of a new international airport for Mexico City, the largest city by population in the Americas. The project was to be the largest infrastructure project of the previous president, Enrique Peña Nieto. AMLO has stated that in addition to mounting environmental concerns, the planned airport is far too expensive and is embroiled in far too many layers of corruption.

You might be interested in
If a man has determined to disinherit his son and has declared Law 168:before the judge, “I cut off my son,” the judge shall inq
GuDViN [60]

Answer:

By disinheriting your son you are cutting him off from having the legal right to receive your money or property after you die.

7 0
3 years ago
Read 2 more answers
Why did the Ottoman Empire decline after the 1600s?
fomenos

Answer:

As a result, the prosperity of the Middle Eastern provinces declined. The Ottoman economy was disrupted by inflation, caused by the influx of precious metals into Europe from the Americas and by an increasing imbalance of trade between East and West.

Explanation:

Hope this helps :)

5 0
3 years ago
The United States paid France $15 million for 828,000 square miles of land as part of the Louisiana Purchase. What was the appro
stira [4]
The answer is $17,000. Can u give brainliest pls
7 0
3 years ago
Choose one of the citizen’s personal responsibilities presented in the lesson. Use complete sentences to explain why it is espec
Ratling [72]

Answer:

One of the greatest responsibilities of the citizen is to comply and obey the laws.

Explanation:

Citizen is the term used to describe the individual who lives in a society within a given region and has the privilege of enjoying civil and political rights within that region. However, that individual must also bear certain responsibilities for order in society to be maintained.

One of these responsibilities is to comply with and obey the laws established in the region. These laws are generally grouped in the country's federal constitution and apply to the entire national territory. The citizen must obey them, otherwise he will be punished.

5 0
3 years ago
Read 2 more answers
Why were the Apache becoming increasingly weak in comparison to their opponents?
Yakvenalex [24]
So many people were getting killed and they were running out of resources.
5 0
3 years ago
Other questions:
  • With the ratification of the 26th amendment in 1971, the right to vote was extended to citizens between the ages of 18 and 20. w
    13·1 answer
  • Locate the empire that was rome main rival for control of the mediterranean Sea
    8·1 answer
  • The country of Russia was ruled by ___________, which include Ivan the Terrible and Peter the Great.
    8·1 answer
  • Why did native Americans revere nature
    7·1 answer
  • Need help 1 question due tomorrow
    11·2 answers
  • What was the fear of communism in 1950
    5·2 answers
  • Beacuase it produced and audiance of wheat,_____was known as america's breadbasket.
    13·2 answers
  • Please I need help on this
    8·2 answers
  • The congress whenever two thirds of both houses shall deem it necessary, shall propose amendments to this constitution, or, on t
    6·2 answers
  • I need help
    12·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!