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Mexico - Recent economic developments and prospects (English)

This report assesses Mexico's developments during 1977-82, attempts to draw a few lessons from that experience, examines the prospects and conditions for economic recovery, and discusses the options in some key policy areas. The prospects for economic recovery and regaining a path of stable and sustainable growth within the next few years appear good. The government needs to continue with the stabilization measures it introduced in 1983 until the fiscal deficit and the current account of the balance of payments have regained sustainable levels. This requires action on fiscal policy, non-oil exports and trade policy, pricing and subsidy policy, and a careful evaluation of public investments. In all scenarios, the availability of foreign finance is seen to be of critical importance. This availability on reasonable terms will both determine and be determined by the success of the stabilization program.

Details

  • Document Date

    1984/05/31

  • Document Type

    Pre-2003 Economic or Sector Report

  • Report Number

    4996

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Mexico,

  • Region

    Latin America & Caribbean,

  • Disclosure Date

    2010/06/12

  • Disclosure Status

    Disclosed

  • Doc Name

    Mexico - Recent economic developments and prospects

  • Keywords

    balance of payment;level of foreign exchange reserve;adequate foreign exchange reserves;adjustment need;public sector investment program;high real interest rate;debt service burden;economic stabilization;stabilization program;public expenditure;domestic private sector;dual exchange rate;current account deficit;public external debt;foreign interest rate;foreign finance;economic recovery;accelerated economic growth;flight of capital;international interest rate;reliance on foreign;international economic environment;export of goods;real deposit rates;public sector revenue;variable interest rate;net domestic credit;foreign commercial bank;total labor force;external debt service;creating employment opportunity;foreign exchange shortage;public sector expenditure;restrictive monetary policy;private sector debt;international financial community;oil export earnings;transfer of resource;cost of failure;domestic commercial bank;crude birth rate;fiscal situation;Trade Policies;Exchange Rates;macroeconomic projection;fiscal deficit;Trade Policy;trade balance;foreign borrowing;exchange control;real appreciation;import control;world economy;oil resource;social indicator;domestic policies;stabilization measure;public deficit;economic stability;resource mobilization;fertility rate;economic health;Oil Income;exchange market;inflationary pressure;stable growth;

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Citation

Mexico - Recent economic developments and prospects (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/244861468278970335/Mexico-Recent-economic-developments-and-prospects