RPT-Mexico’s economic slump has hit bottom – govt

MEXICO CITY, Aug 23 (Reuters) – Mexico’s economy, slammed by a drop in U.S. demand, has sunk to its low point and recent data shows signs of growth, the government said on Sunday. Mexico’s economic output was down 1.1 percent in the second quarter compared to the first quarter, a much smaller decline than in [...]

Tumbling peso makes Mexico a hot destination

  By Olga R. Rodriguez, Associated Press Writer MEXICO CITY — It’s got sun, white-sand beaches and better yet — a battered peso. Mexico is counting on its weakened currency against the dollar and its proximity to the U.S. to attract recession-shocked Americans and fuel its tourism industry — a major source of foreign income. [...]

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