Mexico: 2017 Article IV Consultation-Press Release; and Staff Report

IMF Staff Country Reports, November 13, 2017

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Canonical URL: Mexico: 2017 Article IV Consultation-Press Release; and Staff Report

The 2017 Article IV Consultation highlights the Mexican economy’s resilience in the face of a complex external environment.
Output has continued to grow at a moderate pace while inflation has temporarily risen above the central bank’s target.
The flexible exchange rate is playing a key role in helping the economy adjust to external shocks.
The economy is projected to grow by 2.1 percent in 2017.
Private consumption remains the main driver of activity, supported by manufacturing exports.
Investment has remained weak amid uncertainty about Mexico’s future trade relationship with the United States.
Growth is expected to slow slightly in 2018 before picking up speed as the uncertainty is resolved.

Growth projection: "2.1 percent in 2017"
Near-term outlook: "Growth is expected to slow slightly in 2018 before picking up speed as the uncertainty is resolved."
Inflation: "temporarily risen above the central bank’s target"
Exchange rate: "flexible exchange rate is playing a key role in helping the economy adjust to external shocks"
Main drivers: "Private consumption" and "manufacturing exports"
Constraint: "investment has remained weak amid uncertainty about Mexico’s future trade relationship with the United States"

Subjects listed: Banking, Corruption, Crime, Fiscal policy, Inflation, National accounts, Prices, Public debt, Public sector borrowing requirements
Keywords present in the report metadata: assessment, Corruption, CR, FATF report, Global, Inflation, inflation expectation, ISCR, NDF contract, non-deliverable forwards, staff assessment

Source: International Monetary Fund — Mexico: 2017 Article IV Consultation-Press Release; and Staff Report