According to the OECD, “estimating potential growth rates is always an imprecise exercise, and all the more so for a country (such as SA) with such a high rate of inactivity and where the responsiveness of wage and price inflation to changes in unemployment is low.
Mexico’s debut as an independent country was characterized by a strongly divided nation, with two polar views on how the State and society should interact, between a centralized empire and a federal republic.