1, Mexico's domestic economic recession: The financial crisis caused the Mexican currency to depreciate, inflation soared and interest rates rose sharply, which had a serious impact on the Mexican economy. Many enterprises go bankrupt or get into financial difficulties.
2. International financial market turmoil: Many international investors withdrew from the Mexican market, which also affected other emerging markets.
3. Latin American economic recession: Mexico is one of the largest economies in Latin America, and the financial crisis has also had a negative impact on the entire Latin American economy. Currency devaluation, debt crisis and economic difficulties in other Latin American countries and regions have aggravated the contagion effect of the financial crisis.