| | |  Business News 
UN: Mexico's Economic Recovery Will be Slow
 Associated Press
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January 22, 2010
| | Analysts predict slow economic recovery, | |
Mexico City - The U.N.'s annual economic forecast says Mexico's close trade ties with the U.S. and falling oil production will make it more difficult for the country to rebound from recession in 2010.
Report co-author Robert Vos of the U.N.'s Department of Economic and Social Affairs says Mexico's economy will likely grow around 3 percent in 2010 - the same figure Mexican government officials have provided.
Vos said Tuesday that Mexico and other Latin American countries should work to diversify their economies to protect themselves from economic shocks.
Mexico sends 80 percent of its exports to the United States, and revenue from state oil monopoly Petroleos Mexicanos accounts for about a third of the federal budget.
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