US economy may slow down Mexico and Brazil’s economic growth
The WSJ Americas reports the economists have been reducing their projections of growth for the two leading Latin American economies - Brazil and Mexico - as to adjust them to the shadowy scenario of the U.S. economy.
Mexico is the most fragile given U.S. absorbs 80% of its exports. Brazil is in a more comfortable position, thanks to the wider exports market diversification. The most important destination of the Brazilian exports is the EU and China, while US responds for just 10%.