Mexico is being squeezed in a difficult global economic environment. In mid-2014 Mexican billionaire Carlos Slim said “Last year (growth) was low, I think that this year it will be relatively low too, but I think next year will be much better.” Expecting Mexico’s highly touted set of structural reforms to help attract a new wave of investment, Slim, the majority owner of Mexican telecom giant America Movil, said, “I hope that next year we will set the pace for growth for the next four years.”

Unfortunately, falling oil prices and a difficult global economic environment have put a damper on expectations for Mexico’s economy. Mexico’s peso fell by 13.1 percent during the course of 2014.

via How Will Mexico’s Economy Perform in 2015?.