Mexico will soon start pouring money into its infrastructure, benefiting its economy and exchange traded funds (ETFs).
On Monday, Doug Krizner and Dan Grech for Marketplace report, President Felipe Calderon will make his first presidential visit to the United States. He’s planning to visit Mexican communities in Los Angeles, Chicago, Boston and New York in an effort to chart a more independent course for Mexico’s economy.
He’s even more motivated to do that now that the United States is headed for a recession.
As we said yesterday, countries tend to pour money into improving the infrastructure when the economy gets tough. President Calderon has budgeted $25 billion to build highways, bridges and other projects to ensure that his country doesn’t have to depend on the U.S. economy as much.