A Quiet Centro and Other Money Problems

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Back from the Centro Histórico, Mexico City’s historical center, a magnet for tourists and those who just want to enjoy the beauty of the grandiose, fading buildings. Usually the area is packed, especially the main square, the Zócalo. But even on a weekday, it was obvious that things had changed.

Streets were emptier, the Zócalo stripped of its imposing allure.

Vendors complained of losing most of their business and they’re not isolated: Mexico is losing tens of millions per day, and this is not a situation it will easily bounce back from.

A fluctuating peso that’s already in the toilet from the U.S. recession, shaky stocks and a small business populace that repeatedly asks us how they are going to survive are, honestly, the makings for an economy’s decline.

Photo via AFP

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