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SourceMex PDF file 1995 right arrow Aug

Mexico Focuses on Longer-Term Forecasts, Ignoring Short-Term Concerns

LADB Article ID: 56007
Category/Department: Mexico
Date: 1995-08-02
By: LADB Staff

President Ernesto Zedillo's administration, aware that the statistics for the third quarter of the year will not be as favorable as originally expected, has begun to place a stronger emphasis on predictions for a recovery in the fourth quarter of the year, extending into 1996. According to a report in the daily newspaper Excelsior, officials of the Finance Secretariat (SHCP) and the Banco de Mexico (central bank) have discarded 1995 as a "wasted year."

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