MEXICO: Return of Confidence

Nearly two years after the drastic devaluation of the peso (TIME, April 26, 1954), Mexico's economy looked handsome and husky. Last week the Nacional Financiera (a government financial corporation similar to the U.S. Reconstruction Finance Corporation) reported that private investment rose a huge 40% in 1955 and is expected to increase again in 1956. Some other signs of the good times:

¶ The trade deficit was cut from $163 million in 1954 to $118.7 million in 1955; at the end of 1955 there was a $66.7 million surplus on international payments, compared to a $41.1 million deficit in 1954.


Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!