Mexico Economic Update

Mexico is the 12th largest economy on the planet. Right now the Mexican Peso has been getting crushed. Losing 24% versus the weak U.S. dollar over the past 12 months. Mexican has a budget gap of 480 billion pesos the largest in its history. Read all about it here.

One of Mexico's biggest problems is that it is running out of oil to export. Oil production in Mexico is falling dramatically (see picture below).