For the past decade, Mexico has been making quiet - but steady - economic progress. Overcoming a history of financial turbulence, the country has generated modest growth, maintained fiscal stability, and quickly recovered from the 2008-2009 global financial crisis. Mexico's gains, however, have yet to translate into the surge of consumer spending witnessed in several other big emerging markets. Indeed, despite an improving economy, roughly half of the Mexican households recently surveyed said that they plan to tighten their belts in the near future.
Bellwether retailers eBay and Wal-Mart have reduced their expectations of sales growth for the current fiscal year, blaming the lower outlooks, in part, on the stronger dollar.