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Facts from the World Bank Mexico, the second largest economy in Latin America, expanded at a strong pace for most of the past year but has started to show signs of slowly decelerating. The economy is exposed to fluctuations in the US economy, global financial markets, and commodity prices. However, Mexico is well positioned to respond to a global slowdown, particularly on the external and moneby Sophia - La Manzanilla - Tenacatita - Boca de Iguanas