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

_IMF Staff Country Reports, November 13, 2017_

## Source details

**Canonical URL:** [Mexico: 2017 Article IV Consultation-Press Release; and Staff Report](https://www.imf.org/en/publications/cr/issues/2017/11/10/mexico-2017-article-iv-consultation-press-release-and-staff-report-45398)

## Other formats

- [Markdown version](/en/publications/cr/issues/2017/11/10/mexico-2017-article-iv-consultation-press-release-and-staff-report-45398/index.md)
- [Structured JSON version](/en/publications/cr/issues/2017/11/10/mexico-2017-article-iv-consultation-press-release-and-staff-report-45398/index.json)
- [Bundle manifest](/en/publications/cr/issues/2017/11/10/mexico-2017-article-iv-consultation-press-release-and-staff-report-45398/bundle-manifest.json)

## Bibliographic details
- Published: November 13, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484327586.002

---

### Executive summary
- The 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.
- 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.

### Key findings and indicators
- Growth projection: "2.1 percent in 2017"
- Near-term outlook: "Growth is expected to slow slightly in 2018 before picking up speed as the uncertainty is resolved."
- Inflation: "temporarily risen above the central bank’s target"
- Exchange rate: "flexible exchange rate is playing a key role in helping the economy adjust to external shocks"
- Main drivers: "Private consumption" and "manufacturing exports"
- Constraint: "investment has remained weak amid uncertainty about Mexico’s future trade relationship with the United States"

### Subject coverage and analytical scope
- Subjects listed: Banking, Corruption, Crime, Fiscal policy, Inflation, National accounts, Prices, Public debt, Public sector borrowing requirements
- Keywords present in the report metadata: assessment, Corruption, CR, FATF report, Global, Inflation, inflation expectation, ISCR, NDF contract, non-deliverable forwards, staff assessment

### Publication and metadata
- Pages: 76
- Volume: 2017
- Issue: 346
- Series: Country Report No. 2017/346
- DOI: https://doi.org/10.5089/9781484327586.002
- Stock No: 1MEXEA2017002
- ISBN: 9781484327586
- ISSN: 1934-7685
- Publication date shown on page: November 13, 2017

*Source: International Monetary Fund — Mexico: 2017 Article IV Consultation-Press Release; and Staff Report*

---

## Content in this bundle

- **Country Report**
  - [Country Report (Markdown version)](/-/media/files/publications/cr/2017/cr17346-mexicoartiv.pdf.md){rel="alternate" type="text/markdown"}
  - [Country Report (PDF)](/-/media/files/publications/cr/2017/cr17346-mexicoartiv.pdf){rel="external" type="application/pdf"}

---

_Source: https://www.imf.org/en/publications/cr/issues/2017/11/10/mexico-2017-article-iv-consultation-press-release-and-staff-report-45398_