EconoMeter panel looks at the recent currency fluctuations
Q: Will there be a local impact from the declining peso on San Diego or Tijuana’s economy?
Bob’s Answer: NO
There will be virtually no impact due to a declining peso. Most emerging economies are trading poorly against the dollar and Mexico is no exception. It might get moderately worse before it gets better, but there is no indication of a meltdown that would cause business in South Bay, in particular, to plummet. Mexico’s leader, Pena Nieto, is committed to a stronger economy and notwithstanding the current challenges with the drug cartel, he will succeed.