HEADLINES
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Mexico's Growth Slows Sharply
Recent data updates for Mexico show that the economy continues to slowdown. In the first three months of 2013, the GDP grew only 0.8 percent yoy, the smallest expansion since the fourth quarter of 2009. Consumption which had been supporting the growth in previous quarters continues to decline and exports remain week.
What Can Revive the Portuguese Economy?
In the first quarter of 2013, the Portuguese GDP shrank 3.9 percent yoy and 0.3 percent qoq, adding to the evidence that the current government strategy driven by austerity is failing to rescue the economy.
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