Global economy does not have a “cold”, but pneumonia and rate hikes are the bitter medicine

On February 7, 2008, the Secretary of Finance and Public Credit, doctor in economics, Agustín Carstens, went to a television interview, there he pronounced what until now is his most famous phrase and that, in reality, was a great stumble.

He said that, although the crisis that was looming in the United States was going to affect our country, not much would happen, he pointed out that the Mexican economy would suffer, at most, a “catarrh“.

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