Mexican Economy follows US economic slump
A detailed Summary of Mexican Economy follows US economic slump
Mexican Economy Follows U.S. Economic Slump
Growth has slowed considerably in early 2001 in response to the hard downturn in the US economy. The Gross Domestic Product (GDP) growth in 2001 is forecast to slow to 2%, from 6.9% in 2000. A rebound of growth in 2002 will depend on an upturn in the U.S. economy and continued conventional economic management. A tightening of monetary policy should enable inflation to fall to under 7% by the end of 2001. With hopes in 2002 of a further reduction in inflation, provided the peso depreciates gradually.
The first year of the Fox administration, combined both the fiscal and monetary tightening that will characterize the administration, this will limit GDP growth to only 2% in 2001. A p
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Approximate Word count = 492
Approximate Pages = 2 (250 words per page double spaced)
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