Official Economic Recovery Strategy

MEXICO - Report 17 Jun 2014 by Mauricio Gonzalez and Ernesto Cervera
Executive Summary In recent weeks a number of indicators have pointed to a slower economic recovery than anticipated at the start of the year. That underperformance suggests that the government’s efforts to kick-start the economy through increased public spending has yet to produce the desired results. During the first quarter, the government spent 624.7 million pesos more than programed, but when we fold in the totals for April, it turns out that government spending fell short of budget projections through the first four months of the year. The accumulated spending shortfall through April ...

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