1945

Throughout 1983 the Mexican economy was subject to strong recessive pressures, as a consequence of a large number of internal and external factors, significant among which were the aftermath of unprecedented disequilibria existing during 19821 and the subsequent implementation of a stabilization programme launched by the authorities in order to cope with them. To that end, adjustment policies were focused, in the short run, on the reduction of the fiscal deficit and the correction of external accounts with the purpose of rapidly coping with foreign exchange shortage and inflation, and thus creating a minimum platform on which to base economic reactivation.

Related Subject(s): Economic and Social Development
Countries: Mexico
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