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Spending cuts have frozen Mexican growth

Monday, September 24, 2018


The reduction in Mexico's public spending on infrastructure appears to be one of the major causes of Mexico's economic growth, analysts say.

Spending was cut radically in the wake of the 2008 crisis but it has never recovered since then.

Before the spending on public works stood at 5.7 percent of GDP. Now the proportion is a mere 3.1 percent.