Mexico: 2007 Article IV Consultation: Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion for Mexico
IMF Staff Country Reports, December 13, 2007
Source details
- Canonical URL
- Mexico: 2007 Article IV Consultation: Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion for Mexico
Other formats
Bibliographic details
- Published: December 13, 2007
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451825817.002
Summary
- The economic expansion of Mexico has continued albeit slowed by developments in the United States.
- Despite some pickup in the second and third quarter, growth is projected to be close to 3 percent for 2007 as a whole.
- Fiscal policy is on track to achieve balance for 2007, on the traditional budget measure, as required by the new Fiscal Responsibility Law.
- Executive Directors have commended the improvements in macroeconomic and financial policies that have helped Mexico to reduce significantly external and internal vulnerabilities over the years.
Economic growth and outlook
- Growth slowed due to developments in the United States.
- There was some pickup in the second and third quarter of 2007.
- Projection for 2007: close to 3 percent for 2007 as a whole.
Fiscal policy and public finances
- Fiscal policy is on track to achieve balance for 2007 on the traditional budget measure.
- Achievement of balance is framed as required by the new Fiscal Responsibility Law.
Policy assessment and recommendations
- Improvements in macroeconomic and financial policies were noted and commended by Executive Directors.
- These policy improvements have helped reduce external and internal vulnerabilities significantly over the years.
Mexico: 2007 Article IV Consultation: Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion for Mexico, December 13, 2007.
Content in this bundle
- Cr07379