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Zedillo takes office
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Beginning of La crisis
The devaluation of the peso in December 1994 put an abrupt end to these capital inflows and precipitated the financial crisis. -
Decline of economy in 1995 and recovery of 1996 and 1997
Zedillo administration privatized and expanded competition in sea ports, railroads, telecommunications, electricity, natural gas distribution, and airports. A strong export sector helped to cushion the economy's decline in 1995 and led the recovery in 1996 and 1997. -
Economic Aid
Economic aid — recipient: $1.166 billion (1995) -
Household income
Household income or consumption by percentage share: lowest 10%: 1.8% highest 10%: 36.6% (1996) -
State-owned enterprises in Mexico
The number of state-owned enterprises in Mexico has fallen from more than 1,000 in 1982 to fewer than 200 in 1998. -
socially together
everyone supports eachother -
Growth in employment
1998, private consumption became the leading driver of growth, which was accompanied by increased employment and higher wages.
