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Essay / Research Paper Abstract
This 5 page paper looks at two different economic forecasts for Mexico comparing the forecasts for GDP, inflation, interest rates, unemployment and employment growth rates and direct foreign investment. Both projections show similar patterns but are divergent ion the actual levels. The paper explains why these differences are present. The bibliography cites 2 sources.
Page Count:
5 pages (~225 words per page)
File: TS14_TEmexecc.rtf
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Unformatted sample text from the term paper:
Wilma. However, there is a general trend in the different projections for the Mexican economy that indicate an expected improvement. If we look at to economic forecasts from organisations that
undertake this type of forecasting we can compare the findings. We will use the projections from the Congressional Budgeting Office (CBO) from the US the Banco de Venezuela. Both of
these are financial institutions and independent of the Mexican government so are credible sources. If we look at the GDP the CBO forecasts that in 2005 the GDP will
see an increase of 5.3% in 2003 and then 4.7% between 2006 - 2009 indicating growth, but a slow level of growth. The growth of the GDP in real terms
is expected to be 4.2% in 2005 and then between 2006 - 2009 only 2.8%. The Banco de Venezuela sees the country is a slightly more positive light, 2005 is
seen as a slightly lower growth of 5%, but this time it is in real terms and not nominal terms, meaning we need to compare this with the CBO figure
of 4.2%, and then 2006 alone is expected to have a nominal growth rate of 4% again, this is greater than the CBO believe will be seen between 2006 -
2009. This is a large divergence. If we look at the Banco de Venezuela part of this growth appears to be lead
by internal consumption increases as a result of the 2005 economic growth. However both appear to agree there is a greater level of growth expected in 2005 and 2006 than
seen in the last few years. Where there is growth it is the inflation that is bringing the GDP growth rates into real terms; The CBO predict that the
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