1945

The growth rate of the Mexican economy (6.9%) was the highest in almost two decades, exceeding early-year expectations. The main factors behind its strong performance were the economic boom in the United States and high oil prices, in addition to a marked increase in domestic demand despite an increasingly restrictive monetary policy. Higher real wages and employment drove up private consumption by 9.5% while investment increased by 10%.

Related Subject(s): Economic and Social Development
Countries: Mexico
/content/books/9789211558661s003-c013
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-contentType:Journal -contentType:Contributor -contentType:Concept -contentType:Institution
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