Between July and September, Mexico's economy only grew 2%, the worst in 2 years. The reasons are that Mexico has cut spending, production has declined, and consumers have lost confidence. Oil makes up a third of Mexico's economy, and with low prices and weak demand from America, they have been waning in that sector. Some reports show that Trump is a factor as well. The value of the peso falls every time Trump's odds rise. This year, the peso is down 8% against the U.S. dollar. Even though the weak peso could help the economy by making things affordable, Mexico has not felt that benefit yet. Political uncertainty in Mexico is also a factor. Their current President Enrique Pena Nieto has the lowest approval rating since the mid-1990s.
Trump having an effect on the peso is puzzling news. Could it be because of consumer confidence? The most pertinent question would be what would happen if he was elected? Would the economy crash? It is good news that the weak peso might make thing affordable in the future, but it is still frightening overall.
Source: http://money.cnn.com/2016/10/31/news/economy/mexico-gdp-trump/index.html?iid=SF_LN
