Mexico | Fiscal space is limited
Published on Thursday, May 23, 2019 | Updated on Friday, May 24, 2019
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.
Geographies
- Geography Tags
- Mexico
Topics
- Topic Tags
- Macroeconomic Analysis
Tags
Authors
Carlos Serrano
BBVA Research - Chief Economist