Business Services Industry
Dollar could close year at 11 pesos.
Internet Securities, November, 2002
MEXICO CITY, Nov 7, 2002 (El Economista/Corporate Mexico by Internet Securities, Inc. via COMTEX) -- Morgan Stanley estimates that the exchange rate will hover between 10.70 and 11.00 pesos per dollar in 2003. Morgan Stanley's chief economist for Latin America, Gray Newman, said, "a weaker peso helps and does not damage the country because while the exchange rate is weak there will be more pesos per dollar of oil."For the budget, Mexico should take the 10-peso per dollar estimate made by the Bank of Mexico, said Newman, preventing the budget from becoming inflated as has occurred this year. "The 2002 budget ended up very inflated," said Newman, after mentioning that tax income increased two or three times as fast as the Mexican economy. At the start of the year, Morgan...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
Presented by American Express