Quote:
Originally Posted by ilnjscb
You would be incorrect. Tourism revenue from the US averages over $1,000 per foreign visit according to UNWTO. From South and Central America, perhaps $300. The Mexican economy will be devastated. Further, investment, remittances, and manufacturing account for a huge portion of Mexico's economy.
When you consider that a 4% loss in GDP is a huge shock, you can anticipate the effect. This is the reason the peso changes so rapidly on news of improving relation due to Slim Helu or talks by both leaders. If Mexico didn't need revenue from the US, Peņa Nieto wouldn't even be talking to him.
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I'm sorry but that amount of money on tourism is nothing compared to their GDP - a 2 bill loss isn't going to make a dent on their 2 trillion GDP - just my opinion