The Mexican Economy
Analysts now expect Mexico's economy to expand by 4% in 1996, although even the Mexican government's stated goal of 3% was previously viewed with skepticism. Such growth in spending would ease pressure on banks and consumers who are still struggling with high levels of past-due loans.
Suggested citation: “The Mexican Economy,” Federal Reserve Bank of Cleveland, Economic Trends, no. 96-10, pp. 18, 10.01.1996.