MEXICO: Q3 GDP Increases 5.3% From 2009.

LAHT/
   Mexico's GDP showed consistent growth in Q3, rising 5.3 percent vs 2009.
    So far in 2010, its GDP has risen 5.8 percent.
    In 2009, its GDP fell by 6.5 percent after anemic growth of only 1.3 percent in 2008.

MEXICO: 2Q GDP Surges By 7.6%; Largest Increase Since 1998.

LAHT/       In the biggest quarterly growth since 1998, Mexico's recorded a torrid 7.6% because of increases in three sectors: manufacturing, up 13.4%; extractive industries (mining and oil), rose 4.1%; and electricity, water and gas, up 2.9%.

Nobel-Winning Economist Stiglitz Urges End To GDP "Fetish."

BLOOMBERG.COM/
“So many things that are important to individuals are not included in GDP,” said Stiglitz, a Columbia University professor. “There needs to be an array of numbers but we need to understand the role of each number. We may not be able to aggregate everything together.”
While Stiglitz doesn’t recommend dropping GDP altogether, he wants governments to consider such matters, along with issues of environmental sustainability, in policy making.
“Most governments make a fetish out of it. If you take one message out of our report, make it avoid GDP fetishism,” he said. “The message is to encourage political leaders away from that.”

Peruvian Drug Trafficing Grows.

From the LAHT.

Cocaine exports total $22 billion USD...about 17% of GDP... bigger than any legitimate sector of Peru's economy.

Mexico's Economic Decline...the Worst in 30 Years?

From Bloomberg.

Experts Now Estimate 6.3% Drop in Mexican GDP.

In what may be the worst decline since 1932, many experts now predict Mexico's GDP will contract by 6.3 percent for 2009.

That's an increase from the previous estimate of decline as 4.8 percent .


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