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Article: Mexico: Paper and board bring mixed results in 2000
- Article from:
- PPI
- Article date:
- July 1, 2001
- Author:
CopyrightCopyright Paperloop, Inc. Jul 2001. Provided by ProQuest LLC. (Hide copyright information)
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Last year was an extraordinary time for Mexico. In July, the PAN opposition party won the country's elections and uprooted the PRI party that had held power for 71 years. GNP growth reached 6.9%, well beyond expectations even for an election year. Additionally, there was a healthy change from the country's usual financial difficulties with inflation continuing on a downward trend. Inflation was just below 9.0% in 2000, a significant improvement from the previous year's level of 12.3%. The positive pattern looks set to continue with an inflation forecast of just 6.5% this year.
Exports pulled in $166 billion, marking a strong 21% improvement on 1999's figure. Imports rose by 22% to reach ...