Mexico’s 2020 budget looks highly optimistic
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Significance The package comprises the national budget and revenue legislation, as well as key domestic and international macroeconomic assumptions and projections. Impacts Even if GDP growth remains poor, fiscal loosening is unlikely. The central bank may lower interest rates further to help boost the economy, but the effect of a monetary push would be relatively minor. Major projects such as the Maya Train may have some regional impact but will have a limited effect on national economic growth. Legislators may increase the expected oil price for 2020 to boost spending in some areas without increasing the fiscal deficit target.
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2018 ◽
Vol 45
(6)
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pp. 1159-1174
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2019 ◽
Vol 35
(3)
◽
pp. 376-391
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2018 ◽
Vol 10
(3)
◽
pp. 133
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2019 ◽
Vol 16
(3)
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pp. 316-333
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