Mexico: Staff Report for the 2014 Article IV Consultation
November 12, 2014
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This 2014 Article IV Consultation highlights that after a sharp slowdown in 2013, growth in Mexico is projected to recover to 2.4 percent this year. The strong recovery in the United States in the second quarter of 2014 has triggered a rebound in Mexico’s manufacturing production and exports. In addition, construction activity is firming up, supported by a rebound of residential investment and an increase of government spending on infrastructure. Mexico’s external position remains broadly consistent with fundamentals and desirable policy settings. In 2014, the current account deficit is projected to remain unchanged with an improving trade balance offset by a continued increase in factor payments.
Subject: Bank credit, Expenditure, External debt, Money, Public debt, Public sector borrowing requirements, Revenue administration
Keywords: Bank credit, core inflation, CR, current account, debt burden benchmark, debt stock, exchange rate, GDP, Global, headline inflation, interest rate, ISCR, Mexico's debt dynamics, pass-through to the budget, private bank lending, Public sector borrowing requirements, real GDP, sustainability framework
Pages:
72
Volume:
2014
DOI:
Issue:
319
Series:
Country Report No. 2014/319
Stock No:
1MEXEA2014001
ISBN:
9781484399408
ISSN:
1934-7685
