Word: financiera
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Dates: during 1956-1956
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Mexico, in song and legend a sun-drowsy land where only the beans jump, is leaping energetically toward new levels of prosperity in mid-1956. Industrial production, reported the RFC-like Nacional Financiera last week, is running a spanking 12% ahead of last year's record rate. Farm output has risen 50% in the last three years. In both consumer goods and food production, Mexico has gained important ground toward self-sufficiency. And like grace notes to these impressive fundamentals...
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...