Mexico: 2016 Article IV Consultation-Press Release; Staff Report; and Informational Annex
IMF Staff Country Reports, November 22, 2016
Source details
- Canonical URL
- Mexico: 2016 Article IV Consultation-Press Release; Staff Report; and Informational Annex
Other formats
Bibliographic details
- Published: November 22, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475556025.002
Overview
- The 2016 Article IV Consultation highlights that Mexico has navigated successfully a complex external environment, characterized by heightened global financial-market volatility.
- The economy continues to grow at a moderate pace, and inflation is close to the target.
- The flexible exchange rate is playing a central role in helping the economy adjust to external shocks.
- Macroeconomic policies remain focused on maintaining strong fundamentals.
- Continued implementation of the structural reforms agenda should help lift potential growth over the medium term.
- The economy is projected to grow by 2.1 percent in 2016.
Macroeconomic outlook and inflation
- Growth projection: economy projected to grow by 2.1 percent in 2016.
- Inflation: described as "close to the target" (no numeric inflation rate provided in the source text).
- Policy stance: macroeconomic policies remain focused on maintaining strong fundamentals.
External environment and exchange rate
- External environment: characterized by heightened global financial-market volatility.
- Exchange rate role: the flexible exchange rate is central to helping the economy adjust to external shocks.
Structural reforms and policy recommendations
- Structural reforms: continued implementation of the structural reforms agenda is expected to help lift potential growth over the medium term.
- Policy emphasis: maintain focus on strong macroeconomic fundamentals while implementing reforms to raise medium-term growth.
Subject areas and keywords (as listed)
- Subjects: Banking, Currencies, Exchange rates, Expenditure, External debt, Foreign exchange, Inflation, Money, Prices, Public debt
- Keywords include: active trust, active trust fund portfolio, Caribbean, core inflation, CR, Currencies, D.C., exchange rate, Exchange rates, GDP, Global, IFC investment portfolio, IMF's transparency policy, Inflation, inflation expectation, International Monetary Fund Washington, ISCR, year-on-year headline inflation