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<body lang=ES link=blue vlink=purple>
<div class=Section1>
<p class=MsoNormal><font size=5 color=navy face=Arial><span style='font-size:
18.0pt;font-family:Arial;color:navy'>¡Bienvenidos todos al segundo semestre del
año!<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p>
<p class=MsoNormal style='line-height:150%;background:white'><strong><b><font
size=3 color=black face=Calibri><span lang=ES-MX style='font-size:12.0pt;
line-height:150%;font-family:Calibri;color:black'>29 de junio de 2012</span></font></b></strong><font
color=black face=Calibri><span lang=ES-MX style='font-family:Calibri;
color:black'> </span></font><font color="#1f497d" face=Calibri><span
lang=ES-MX style='font-family:Calibri;color:#1F497D'><o:p></o:p></span></font></p>
<p class=MsoNormal style='line-height:150%;background:white'><font size=2
color="#1f497d" face=Calibri><span lang=ES-MX style='font-size:11.0pt;
line-height:150%;font-family:Calibri;color:#1F497D'><o:p> </o:p></span></font></p>
<p class=MsoNormal align=center style='text-align:center;line-height:150%;
background:white'><font size=2 color="#1f497d" face=Calibri><span lang=ES-MX
style='font-size:11.0pt;line-height:150%;font-family:Calibri;color:#1F497D'><img
width=715 height=536 id="_x005f_x0030__x005f_x0020_Imagen"
src="cid:image001.jpg@01CD5622.308C99D0"></span></font><font color="#1f497d"
face=Calibri><span lang=ES-TRAD style='font-family:Calibri;color:#1F497D'><o:p></o:p></span></font></p>
<p class=MsoNormal style='line-height:150%;background:white'><font size=3
color=black face=Calibri><span lang=ES-TRAD style='font-size:12.0pt;line-height:
150%;font-family:Calibri;color:black'>Consúltalo en:</span></font><font size=2
color="#1f497d" face=Calibri><span lang=ES-MX style='font-size:11.0pt;
line-height:150%;font-family:Calibri;color:#1F497D'><o:p></o:p></span></font></p>
<div>
<p class=MsoNormal style='line-height:150%;background:white'><span
class=MsoHyperlink><u><font size=3 color="#0066cc" face=Calibri><span
lang=ES-MX style='font-size:12.0pt;line-height:150%;font-family:Calibri;
color:#0066CC'><a href="http://observatorio.azc.uam.mx/pdf/RemacJunio12.pdf"><font
color="#0066cc"><span style='color:#0066CC'>http://observatorio.azc.uam.mx/pdf/RemacJunio12.pdf</span></font></a>
</span></font></u></span><span class=MsoHyperlink><u><font color="#0066cc"><span
style='color:#0066CC'><o:p></o:p></span></font></u></span></p>
</div>
<p class=MsoNormal style='line-height:150%'><span class=MsoHyperlink><u><font
size=3 color="#0066cc" face=Calibri><span lang=ES-MX style='font-size:12.0pt;
line-height:150%;font-family:Calibri;color:#0066CC'><a
href="http://observatorio.azc.uam.mx/" target="_blank"><font color="#0066cc"><span
style='color:#0066CC'>http://observatorio.azc.uam. mx/</span></font></a><o:p></o:p></span></font></u></span></p>
<p class=MsoNormal style='line-height:150%;background:white'><font size=3
color=black face=Calibri><span lang=ES-MX style='font-size:12.0pt;line-height:
150%;font-family:Calibri;color:black'> </span></font><font color=black><span
style='color:black'><o:p></o:p></span></font></p>
<p class=MsoNormal style='line-height:150%;background:white;widows:2;
orphans:2;background-origin:initial;background-clip:initial;word-spacing:0px'><b><font
size=3 color=black face=Calibri><span lang=ES-TRAD style='font-size:12.0pt;
line-height:150%;font-family:Calibri;color:black;font-weight:bold'>Atentamente,</span></font></b><font
color=black face=Calibri><span lang=ES-MX style='font-family:Calibri;
color:black'><o:p></o:p></span></font></p>
<p class=MsoNormal style='line-height:150%;background:white;widows:2;
orphans:2;background-origin:initial;background-clip:initial;word-spacing:0px'><st1:PersonName
ProductID="Fernando Chávez," w:st="on"><b><font size=3 color=black
face=Calibri><span lang=ES-MX style='font-size:12.0pt;line-height:150%;
font-family:Calibri;color:black;font-weight:bold'>Fernando Chávez,</span></font></b></st1:PersonName><b><font
color=black face=Calibri><span lang=ES-MX style='font-family:Calibri;
color:black;font-weight:bold'> Coordinador de El Observatorio Económico de
México.</span></font></b><font color=black face=Calibri><span lang=ES-MX
style='font-family:Calibri;color:black'><o:p></o:p></span></font></p>
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