Given that its economy suffered so badly during the crisis, what is the outlook now for Mexico?
Rodriguez, Mexico: Now that so much negative news is coming out of Europe and other countries with huge financing needs, we believe Mexico is being seen in an increasingly positive light. We took our medicine early in terms of fiscal consolidation, which makes us more comfortable about the future. Another source of confidence for us is that, after a drop of 6.5% in GDP last year, things have substantially improved over the last five to six months, driven mainly by rising external demand and a pick-up in manufacturing activity. The automobile and auto parts sector, for example, is now returning to the production levels that we saw in 2008, and that is supporting our growth projection for this year of close to 4%. We re assuming a growth rate for the year as a whole of 3.8%, but many analysts are pointing towards 5%. We think that, as employment and consumption levels strengthen, domestic sources of growth which have not yet played a key role in the recovery will provide us with an addit
