Mexico: exploitation of substantial oil reserves underpins optimism for future of economy

Journal Article · Mon Jul 02 00:00:00 EDT 1979 · Bus. Am.; (United States)

OSTI ID:5691900

Mexico's economic growth in 1978 surpassed expectations. The key factors in the dramatic recovery were increases in public sector spending and private investment. The substantial oil reserves and the rapid increase in their exploitation underpin the current optimism. There is concern over the rate of inflation and even with an intensified anti-inflation program, economic growth in 1979 is likely to be 7% or more, with the same factors supporting increased output in 1979 as in 1978.

• OSTI ID: 5691900
• Journal Information: Bus. Am.; (United States), Journal Name: Bus. Am.; (United States) Vol. 2:14; ISSN BUAMD
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
290200* -- Energy Planning & Policy-- Economics & Sociology
294002 -- Energy Planning & Policy-- Petroleum
COOPERATION
ECONOMIC GROWTH
ENERGY SOURCES
EXPLOITATION
FOSSIL FUELS
FUELS
GROSS DOMESTIC PRODUCT
INFLATION
INTERNATIONAL COOPERATION
INVESTMENT
LABOR
LATIN AMERICA
MEXICO
NORTH AMERICA
PETROLEUM
RESERVES
RESOURCES