Mexico’s economy slides

Mexico\'s economy reportedly shrank by 10.3 per cent between April and June as the global downturn hit demand for exports, and the H1N1 epidemic drove tourist numbers down.



The decline was blamed on slides in the industrial and services sectors, which are closely tied to the US and have felt the force of the economic crisis.



The US recession has also led to a sharp drop in the amount of money sent back to Mexico by migrant workers.



Mexico, which is Latin America\'s second largest economy, went into recession in the first quarter of 2009, when it faced an 8.2 per cent drop in gross domestic product compared with the similar period in 2009.



The country sends about 80 per cent of its exports to the US.