Damian Fraser Quotes

While there is evidence that GDP growth has touched bottom, the recent tax increases on certain consumer goods, electricity and metro price hikes, more moderate real wage rises, and rising unemployment are probably going to impact consumption in 2002.

- Damian Fraser

Tags

Evidence | Growth | Touched | Bottom | Increases |

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We believe Mexico's stock market is significantly undervalued, and it remains our top pick in the region, with our overweight in our model portfolio at 4.4 percentage points. - Damian Fraser

This number combined with the other high numbers is going to force the government to keep interest rates high and make sure the budget is austere for the next year. High rates are bad news for equity holders. - Damian Fraser

Investors are sitting on profits in Mexico and are taking them now, given the nervousness in Argentina. I do not think this signals a fundamental change in the long-term trend in Mexico. - Damian Fraser