Aqui Viene El Recesion de Mexico

[Mexico Joe]

Walmart's Mexico unit blames government cash aid, as revenue rise slowest in three quarters

Walmart de Mexico <WALMEX.MX>, Mexico's biggest retailer, reported on Thursday its slowest revenue growth in three quarters, with its core supermarket chain hit by competition after the government altered a welfare spending programme. Walmex, as the unit of Walmart Inc <WMT.N> is known locally...

finance.yahoo.com

3 consecutive quarters of diminishing growth. What is the rule of thumb again? 4 quarters straight is recession?

Amlo is getting beat up with the killings thing too. Homicide up 35% since he took office. Jesus.

AP was referenced for these comments.

SHOUT OUT TO JERRY!!!

all the corvinas.

 

[Mexico Joe]

Reuters

Mexico's economy seen growing 0.2% in third quarter

Mexico's economy is expected to have posted marginal growth in the third quarter, underlining the challenge facing President Andres Manuel Lopez Obrador as Latin America's second largest economy fails to pick up steam, a survey showed on Tuesday.

www.reuters.com

 

[Kenny]

What I see foremost is that the Walmex's Bodega family and other big store chains no longer have a monopoly on the supermarket vouchers. "But ahead of the fourth quarter, the government allowed the vouchers to be converted into cash, opening up possibilities for them to be spent at corner stores, street vendors and outdoor marketplaces." It would be interesting to find out what % of the money that Walmex's Bodega family had funneled to them, actually went back into the economy in a meaningful way, compared to when converted to cash.

 

[Roberto]

I for one am sure not crying for Walmart. Still have growth but smaller than expected. Booo Hoo . Was there an increase in welfare payments ??