Mexican Finance Minister Confident that Mexico Will Endure US Slowdown

Via Bloomberg Businessweek, is an article about Mexico's Finance Minister Jose Antonio Meade's prediction that Mexico's economy will prevail throughout the US slowdown.

The minister is "sticking by a 4 percent growth forecast for this year even after the IMF yesterday slashed estimates for Mexico’s economic performance this year and in 2012. Mexico is committed to spending restraint, a policy that served it well during the global financial crisis when other countries saw inflation accelerate and debt loads rise as a result of excessive fiscal stimulus, he said.

“Some countries that were very active fiscally and very active monetarily are now paying the consequences,” Meade said in an interview yesterday in Mexico City. “Mexico has reaped the rewards for proving to be responsible.”