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Newspaper
News
Location
Frederick, Maryland, United States of America
Date
Jan 11, 1995
Page
9
The Mexican stock market tumbled nearly 11 percent in a panicky selloff seen as the worst since 1987. The peso slid toward 5.70 per dollar as the government, aided by NAFTA partners, tried to stabilize markets and curb inflation amid broader Latin market declines.
A Blue Chip Economic Indicators poll of 53 top economists shows 1995 growth at 2.3 percent in late 1995 quarters and 1996 expansion at 2.2 percent, down from 3.8 percent in 1994. Analysts expect further Fed rate hikes to curb inflation while domestic consumption remains robust early 1995.
Martin Marietta eliminated 200 positions at its Middle River facility as part of a restructuring to reduce overhead and boost survival after merging with Lockheed. The cuts, about 14 percent of the plant workforce, may not be the last this year. officials expect more layoffs and await FTC merger decision. The plant, once saved by state help, has a historic peak and now employs about 1,250 workers.
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