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Monday, May 11, 2009 at 3:26 AM
3:26AM

Mexico pays through the nose for the flu

DateMonday, May 11, 2009 at 3:26AM

SWINE-FLU OUTBREAK: MARKET REACTION: "Mexican Stock Market Sheds 3.3%: Airline Shares Fall Sharply the World over, the Drug Makers Prove Resilient," by Paul Kiernan and Carla Mozee, Wall Street Journal, 28 April 2009.

THE SWINE-FLU OUTBREAK: "In Hard-Hit Mexico, Virus is Compounding Effects of Recession," by Jose De Cordoba and Joel Millman, Wall Street Journal, 30 April 2009.

Swine flu scare really torched Mexico, especially because of its associated with Mexico City in particular, which accounts for roughly one-fifth of the country's GDP (30% if the surrounding suburbs are included). The freeze cost the city about $100 million a day. Cruise lines simply canceled stops.

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