Mexico | Fiscal space is limited

Summary

How much fiscal space does the country have? Is it possible to borrow more to support Pemex or to cope with a possible recession with a countercyclical fiscal expansion? In order to answer these questions, it is necessary to analyze Mexico's public debt profile.

Key points

• Key points:
• The gross debt ratio as a percentage of GDP, increased in the last decade.
• The growth rate of the economy in relation to interest rates.

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