Mexican bank calls for economic recovery

Jan. 13, 2005 at 8:08 PM
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MEXICO CITY, Jan. 13 (UPI) -- The head of the Bank of Mexico Thursday called for a break in the country's economic paralysis.

"We have an enormous but stagnated potential," said Guillermo Ortiz Martínez, who revealed that the Mexican economy grew in 2004 by a rate of 4.1 percent of the Gross Domestic Product.

"We need to break the paralysis," Ortiz Martínez said at a seminar organized by the Autonomous Technological Institute of Mexico.

He said that the principal economic risk that confronts Mexico is inflation in the United States, Mexico's pricipal economic and commercial partner

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