It is considered to be a golden age of capitalism in Mexican economics in which the Mexican economy grew 4% each year.[1][2] It was a stabilizing economic plan which caused an average growth of 6.8% and industrial production to increase by 8% with inflation staying at only 2.5%. Beginning roughly in the 1940s, the Mexican government would begin to roll out the economic plan that they would call "the Mexican miracle,"[3] which would spark an economic boom beginning in 1954 spanning some 15 years and would last until 1970. In Mexico, the Spanish Economic term used is "Desarollo estabilizador"[4] or "Stabilizing Development."