Mexico

The mexican economy’s growth rate fell to 3.7% in 1999, down from 4.9% in 1998. Even so, this result exceeded the rate projected at the beginning of the year, owing to the fact that international conditions improved in the second semester. The export sector recorded a major expansion, thanks to the sustained buoyancy of the United States economy, while higher oil prices helped to bolster public finances. The growth rate of domestic demand weakened, but real income rose slightly and the rate of employment increased. Financial markets stabilized after the disturbances of 1998, which carried over into early 1999; inflation trended downward and the deficit on the balance-of-payments current account narrowed somewhat.

Sustainable Development Goals:

Decent Work and Economic Growth

Industry, Innovation and Infrastructure

Peace, Justice and Strong Institutions