## Mexico: Staff Report for the 2003 Article IV Consultation

_IMF Staff Country Reports, August 13, 2004_

## Source details

**Canonical URL:** [Mexico: Staff Report for the 2003 Article IV Consultation](https://www.imf.org/en/publications/cr/issues/2016/12/31/mexico-staff-report-for-the-2003-article-iv-consultation-17631)

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## Bibliographic details
- Published: August 13, 2004
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451825596.002

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### Economic performance and activity
- Real GDP remained subdued in the first half of 2003, with growth of 1.4 percent in the four quarters ending in the second quarter.
- Recent indicators of activity have been mixed.
- Most observers still expect the economy to recover in the second half of the year, in line with the United States recovery.

### Public debt and external position
- The government has made significant progress in strengthening the structure of public debt.
- Public external debt fell from 15 percent of total debt in 2000 to 13½ percent in 2002.

### Subjects and thematic focus
- Economic sectors
- External debt
- Inflation
- Oil prices
- Prices
- Public debt
- Public sector

### Keywords (as listed in the report)
- augmented deficit
- consumer confidence index
- core inflation
- CR
- deficit
- draft bill
- Global
- headline inflation
- Inflation
- ISCR
- Oil prices
- Public sector
- smaller-than-expected deficit

*International Monetary Fund. "Mexico: Staff Report for the 2003 Article IV Consultation", IMF Staff Country Reports 2004, 254 (2004), August 13, 2004, DOI: https://doi.org/10.5089/9781451825596.002*

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/mexico-staff-report-for-the-2003-article-iv-consultation-17631_