NAFTA Re-Write Prospects Already Impacting Mexico Economy

President Donald Trump's threats to rewrite the North American Free Trade Agreement (NAFTA) are already impacting the Mexican economy. Mexican output growth is projected to slow to a near halt in 2017, the Wall Street Journal reported, with business investment tumbling amid long-term concern over Mexico's dependence on exports.Exports account for a third of the country's economic activity, and some 80% of those go to the United States.Mexico's leaders are speeding up negotiations for expanded trade deals with the European Union and opened talks with Argentina and Brazil aimed at easing the country's dependence on U.S. grain, the article added.One possible silver lining is the decline of the peso, which has lost 16% of its value against the dollar since May. That may help the country's bid to diversity its exports while officials try to revive the investment they need to push domestic growth, the article concluded.