Consumer Sizzle Could Overcook Mexico's Economy
With the World Cup a month away, Jose Luis del Razo is shopping for a new TV set so he can enjoy the soccer marathon in style. In the consumer electronics section at El Palacio de Hierro, an upscale Mexico City department store, del Razo, a dentist, is enticed by the 12-month, interest-free payment plan. And he has the money. "I feel a slight improvement" in the economy, he says, raising his voice above the thump of a rock video playing nearby. "It's small, it's slow, but it's there."
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