Mexico: Staff Report for the 2002 Article IV Consultation
IMF Staff Country Reports, October 30, 2002
Source details
- Canonical URL
- Mexico: Staff Report for the 2002 Article IV Consultation
Other formats
Bibliographic details
- Published: October 30, 2002
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451825589.002
Key findings
- The economic slowdown in the United States triggered a sharp weakening in Mexican economic activity in 2001 from the rapid pace in the preceding year.
- There was a marked deceleration in domestic demand growth, as disposable income was adversely affected by a contraction in employment and confidence sagged.
- Economic activity rebounded strongly in the second quarter of 2002, as exports were supported by stronger demand from the United States and final domestic demand grew sharply.
Economic performance (2001–2002)
- 2001: Sharp weakening in Mexican economic activity linked to the U.S. economic slowdown.
- Early 2002: Marked deceleration in domestic demand due to lower disposable income, contracting employment, and weakened confidence.
- Q2 2002: Strong rebound in economic activity driven by stronger U.S. demand for exports and a sharp rise in final domestic demand.
Subjects and keywords
- Subject: Credit, Economic sectors, Expenditure, External debt, Money, Public debt, Public sector
- Keywords: authority, corporate bond bond market, CR, Credit, deficit, Global, inflation rate, interest rate movement, ISCR, monetary policy stance, Public sector, reform effort, yield curve
Content in this bundle
- IMF Concludes 2002 Article IV Consultation with Mexico