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Economy & Business - February 2007

Decent stats, worrying auguries

The government reported that the economy grew by 4.8% in 2006. This was slightly more than the government had expected and at the top of the range of estimates posited by the central bank. The challenge for the new government is to avoid what happened to President Vicente Fox: he inherited an economy with a growth rate of 6.9% but saw that dwindle to almost nothing in his first three years as the US economy went into a mild recession.

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