Mexico
- Author: Economic Commission for Latin America and the Caribbean
- Main Title: Economic Survey of Latin America and the Caribbean 2008-2009 , pp 191-197
- Publication Date: September 2011
- DOI: https://doi.org/10.18356/a2d2d1f7-en
- Language: English
The growth rate of the Mexican economy fell from 3.3% in 2007 to 1.3% in 2008, which represented a meagre 0.2% rise in per capita GDP. This result may be attributed to a significant weakening of both external demand —associated with the international economic crisis— and domestic demand, reflecting the loss of momentum in private consumption and, to a lesser degree, in private investment. Exports dropped considerably beginning in the third quarter of 2008. Weakened demand can be traced to an upsurge in unemployment, a decline in consumer credit and fewer remittances from abroad. Inflation rose from an average of 4.0% in 2007 to 5.1% in 2008.
© United Nations
ISBN (PDF):
9789210549127
Book DOI:
https://doi.org/10.18356/1659750f-en
Related Subject(s):
Economic and Social Development
Sustainable Development Goals:
Countries:
Mexico
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