Prior to the financial crisis in Mexico in 1994, Mexico ran a budget deficit of around ________ of GDP.

Name: Prior to the financial crisis in Mexico in 1994, Mexico ran a budget deficit of around ________ of GDP.
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Prior to the financial crisis in 1994, Mexico ran a budget deficit of around 1% of GDP, which was relatively low. The crisis was more related to other factors such as the current account deficit and external debt.

Prior to the Financial Crisis in Mexico in 1994, Mexico