Economic Performance in 2000

At the end of the third quarter of the year 2000, an economic recovery can be appreciated. The growth rate reached 3.1%, which is compatible with the 3% growth goal proposed by the macroeconomic program for the entire year. The most noticeable aspect of this result is that the economic recovery is being achieved without speeding up the inflation rhythm. At the end of September, the annual inflation level was 9.2%, the same as in 1999; thanks to a coherent macroeconomic policy, this has been possible. The monetary, fiscal and external instrument policies have been adequately coming together to allow a greater space for the private sector's activity, reaching important advances in the public financial adjustment and strongly bursting in on the foreign markets. In effect, as the following figures show, a significant commercial and industrial recovery is evidenced, as well as a non-financial public sector deficit reduction and an important dynamism regarding exports. Without incurring in macroeconomic disequilibrium, the sustainable economic recovery is assured in the long and medium term. . 

ECONOMIC PERFORMANCE IN 2000