IMF Staff Country Reports

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

Publication Date:

November 13, 2017

Electronic Access:

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Summary:

This 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, while 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.

Series:

Country Report No. 2017/346

Subject:

Banking Corruption Crime Fiscal policy Inflation National accounts Prices Public debt Public sector borrowing requirements