<html xmlns:v="urn:schemas-microsoft-com:vml" xmlns:o="urn:schemas-microsoft-com:office:office" xmlns:w="urn:schemas-microsoft-com:office:word" xmlns:st1="urn:schemas-microsoft-com:office:smarttags" xmlns="http://www.w3.org/TR/REC-html40"
xmlns:ns0="http://schemas.microsoft.com/office/2004/12/omml">
<head>
<meta http-equiv=Content-Type content="text/html; charset=iso-8859-1">
<meta name=Generator content="Microsoft Word 11 (filtered medium)">
<!--[if !mso]>
<style>
v\:* {behavior:url(#default#VML);}
o\:* {behavior:url(#default#VML);}
w\:* {behavior:url(#default#VML);}
.shape {behavior:url(#default#VML);}
</style>
<![endif]--><o:SmartTagType
namespaceuri="urn:schemas-microsoft-com:office:smarttags" name="PersonName"/>
<!--[if !mso]>
<style>
st1\:*{behavior:url(#default#ieooui) }
</style>
<![endif]-->
<style>
<!--a:link
{mso-style-priority:99;}
span.MSOHYPERLINK
{mso-style-priority:99;}
a:visited
{mso-style-priority:99;}
span.MSOHYPERLINKFOLLOWED
{mso-style-priority:99;}
p
{mso-style-priority:99;}
p.MSOACETATE
{mso-style-priority:99;}
li.MSOACETATE
{mso-style-priority:99;}
div.MSOACETATE
{mso-style-priority:99;}
span.TEXTODEGLOBOCAR
{mso-style-priority:99;}
/* Font Definitions */
@font-face
{font-family:Helvetica;
panose-1:2 11 6 4 2 2 2 2 2 4;}
@font-face
{font-family:Tahoma;
panose-1:2 11 6 4 3 5 4 4 2 4;}
@font-face
{font-family:Calibri;
panose-1:2 15 5 2 2 2 4 3 2 4;}
/* Style Definitions */
p.MsoNormal, li.MsoNormal, div.MsoNormal
{margin:0cm;
margin-bottom:.0001pt;
font-size:12.0pt;
font-family:"Times New Roman";}
a:link, span.MsoHyperlink
{color:blue;
text-decoration:underline;}
a:visited, span.MsoHyperlinkFollowed
{color:purple;
text-decoration:underline;}
p
{mso-margin-top-alt:auto;
margin-right:0cm;
mso-margin-bottom-alt:auto;
margin-left:0cm;
font-size:12.0pt;
font-family:"Times New Roman";}
p.MsoAcetate, li.MsoAcetate, div.MsoAcetate
{margin:0cm;
margin-bottom:.0001pt;
font-size:8.0pt;
font-family:Tahoma;}
span.TextodegloboCar
{font-family:Tahoma;}
span.EstiloCorreo20
{mso-style-type:personal;
font-family:Calibri;
color:#1F497D;}
span.EstiloCorreo21
{mso-style-type:personal;
font-family:Calibri;
color:#1F497D;}
span.EstiloCorreo22
{mso-style-type:personal;
font-family:Calibri;
color:#1F497D;}
span.EstiloCorreo23
{mso-style-type:personal;
font-family:Calibri;
color:#1F497D;}
span.EstiloCorreo24
{mso-style-type:personal;
font-family:Calibri;
color:#1F497D;}
span.EstiloCorreo25
{mso-style-type:personal;
font-family:Calibri;
color:#1F497D;}
span.EstiloCorreo26
{mso-style-type:personal;
font-family:Calibri;
color:#1F497D;}
span.EstiloCorreo27
{mso-style-type:personal;
font-family:Calibri;
color:#1F497D;}
span.EstiloCorreo28
{mso-style-type:personal;
font-family:Calibri;
color:#1F497D;}
span.EstiloCorreo29
{mso-style-type:personal;
font-family:Calibri;
color:#1F497D;}
span.EstiloCorreo30
{mso-style-type:personal;
font-family:Calibri;
color:#1F497D;}
span.EstiloCorreo31
{mso-style-type:personal;
font-family:Calibri;
color:#1F497D;}
span.EstiloCorreo32
{mso-style-type:personal;
font-family:Calibri;
color:#1F497D;}
span.EstiloCorreo33
{mso-style-type:personal;
font-family:Calibri;
color:#1F497D;}
span.EstiloCorreo34
{mso-style-type:personal;
font-family:Calibri;
color:#1F497D;}
span.EstiloCorreo35
{mso-style-type:personal;
font-family:Calibri;
color:#1F497D;}
span.EstiloCorreo36
{mso-style-type:personal;
font-family:Calibri;
color:#1F497D;}
span.EstiloCorreo37
{mso-style-type:personal;
font-family:Calibri;
color:#1F497D;}
span.EstiloCorreo38
{mso-style-type:personal;
font-family:Calibri;
color:#1F497D;}
span.EstiloCorreo39
{mso-style-type:personal;
font-family:Calibri;
color:#1F497D;}
span.EstiloCorreo40
{mso-style-type:personal-reply;
font-family:Arial;
color:navy;}
@page Section1
{size:612.0pt 792.0pt;
margin:70.85pt 3.0cm 70.85pt 3.0cm;}
div.Section1
{page:Section1;}
-->
</style>
</head>
<body lang=ES link=blue vlink=purple>
<div class=Section1>
<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><b><font size=3 color=black face=Calibri><span lang=ES-MX
style='font-size:12.0pt;font-family:Calibri;color:black;font-weight:bold'>7 de
noviembre de 2012</span></font></b><font color=black><span lang=ES-MX
style='color:black'><o:p></o:p></span></font></p>
<p class=MsoNormal align=center style='text-align:center'><font size=3
color=black face=Calibri><span lang=ES-MX style='font-size:12.0pt;font-family:
Calibri;color:black'> </span></font><font color=black><span lang=ES-MX
style='color:black'><o:p></o:p></span></font></p>
<p class=MsoNormal align=center style='text-align:center'><font size=3
color=black face=Calibri><span lang=ES-MX style='font-size:12.0pt;font-family:
Calibri;color:black'> </span></font><font color=black><span lang=ES-MX
style='color:black'><o:p></o:p></span></font></p>
<p class=MsoNormal align=center style='text-align:center'><font size=3
color=black face=Helvetica><span lang=ES-MX style='font-size:12.0pt;font-family:
Helvetica;color:black'><a
href="http://observatorio.azc.uam.mx/mod_inf.php?anio=2012&trim=2"><span
style='text-decoration:none'><img border=0 width=595 height=714
id="_x005f_x0035_81ee625-a1e1-41de-99e1-cf1dd5b7bf8e"
src="cid:E4EB288A-5FB0-45D8-9871-43B51E265FA7@azc.uam.mx"></span></a></span></font><font
color=black><span lang=ES-MX style='color:black'><o:p></o:p></span></font></p>
<p class=MsoNormal align=center style='text-align:center'><font size=3
color=black face=Calibri><span lang=ES-MX style='font-size:12.0pt;font-family:
Calibri;color:black'> </span></font><font color=black><span lang=ES-MX
style='color:black'><o:p></o:p></span></font></p>
<p class=MsoNormal align=center style='text-align:center'><font size=3
color="#1f497d" face=Calibri><span lang=ES-MX style='font-size:12.0pt;
font-family:Calibri;color:#1F497D'> </span></font><font color=black><span
lang=ES-MX style='color:black'><o:p></o:p></span></font></p>
<p class=MsoNormal style='margin-bottom:16.2pt;line-height:14.4pt;background:
white;background-image:initial;background-attachment:initial;background-origin: initial;
background-clip: initial;background-position:initial initial;background-repeat:
initial initial;z-index:auto'><font size=3 color=black face=Calibri><span
lang=ES-TRAD style='font-size:12.0pt;font-family:Calibri;color:black'>Consúltalo
en:</span></font><font color=black><span lang=ES-MX style='color:black'><o:p></o:p></span></font></p>
<p class=MsoNormal style='margin-bottom:16.2pt;line-height:14.4pt;background:
white;background-image:initial;background-attachment:initial;background-origin: initial;
background-clip: initial;widows: 2;orphans: 2;background-position:initial initial;
background-repeat:initial initial;word-spacing:0px;z-index:auto'><font size=3
color=black face=Calibri><span lang=ES-MX style='font-size:12.0pt;font-family:
Calibri;color:black'><a
href="http://observatorio.azc.uam.mx/mod_inf.php?anio=2012&trim=2">http://observatorio.azc.uam.mx/mod_inf.php?anio=2012&trim=2</a></span></font><font
color=black><span lang=ES-MX style='color:black'><o:p></o:p></span></font></p>
<p class=MsoNormal style='margin-bottom:16.2pt;line-height:14.4pt;background:
white;background-image:initial;background-attachment:initial;background-origin: initial;
background-clip: initial;widows: 2;orphans: 2;background-position:initial initial;
background-repeat:initial initial;word-spacing:0px;z-index:auto'><font size=3
color="#0658b5" face=Calibri><span lang=ES-TRAD style='font-size:12.0pt;
font-family:Calibri;color:#0658B5'><a href="http://observatorio.azc.uam.mx/"
target="_blank">http://observatorio.azc.uam. mx/</a></span></font><font
color=black><span lang=ES-MX style='color:black'><o:p></o:p></span></font></p>
<p class=MsoNormal style='line-height:14.4pt;background:white;widows:2;
orphans:2;word-spacing:0px'><b><font size=3 color="#1f497d" face=Calibri><span
lang=ES-TRAD style='font-size:12.0pt;font-family:Calibri;color:#1F497D;
font-weight:bold'> </span></font></b><font color=black><span lang=ES-MX
style='color:black'><o:p></o:p></span></font></p>
<p class=MsoNormal style='line-height:14.4pt;background:white'><b><font size=3
color="#1f497d" face=Calibri><span lang=ES-TRAD style='font-size:12.0pt;
font-family:Calibri;color:#1F497D;font-weight:bold'> </span></font></b><font
color=black><span lang=ES-MX style='color:black'><o:p></o:p></span></font></p>
<p class=MsoNormal style='line-height:14.4pt;background:white;background-image:
initial;background-attachment:initial;background-origin: initial;background-clip: initial;
background-position:initial initial;background-repeat:initial initial;
z-index:auto'><b><font size=3 color=black face=Calibri><span lang=ES-TRAD
style='font-size:12.0pt;font-family:Calibri;color:black;font-weight:bold'>Atentamente,</span></font></b><font
color=black><span lang=ES-MX style='color:black'><o:p></o:p></span></font></p>
<p class=MsoNormal style='line-height:14.4pt;background:white;background-position:
initial initial;background-repeat:initial initial'><font size=3 color=black
face=Calibri><span lang=ES-MX style='font-size:12.0pt;font-family:Calibri;
color:black'> </span></font><font color=black><span lang=ES-MX
style='color:black'><o:p></o:p></span></font></p>
<p class=MsoNormal style='line-height:15.75pt;background:white;background-position:
initial initial;background-repeat:initial initial'><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;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'> </span></font><font size=2
color="#1f497d" face=Calibri><span lang=ES-MX style='font-size:11.0pt;
font-family:Calibri;color:#1F497D'> </span></font><font color=black><span
lang=ES-MX style='color:black'><o:p></o:p></span></font></p>
</div>
</body>
</html>