Could Those Blips Be Vital Signs In Mexico?

Just three weeks ago, Mexican officials released the alarming news that the country's economy, battered by capital flight and a draconian budget squeeze, had shrunk in the second quarter at an unprecedented 10.5% annual rate. Now, says President Ernesto Zedillo Ponce de Len, the worst is over. "During the last quarter of the year, the country will begin to show signs of recovery," he predicted in his first state-of-the-nation address on Sept. 1.

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