{
  "title": "Mexico: 2019 Article IV Consultation-Press Release and Staff Report",
  "publication": "IMF Staff Country Reports, November 5, 2019",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2019/11/05/mexico-2019-article-iv-consultation-press-release-and-staff-report-48788",
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  "summary": "This 2019 Article IV Consultation with Mexico discusses that growth is expected to accelerate modestly in the near-term, reaching 0.4 percent in 2019, as macroeconomic policies become less contractionary.",
  "sections": [
    {
      "heading": "Growth outlook and macroeconomic context",
      "content": "- Growth is expected to accelerate modestly in the near-term, reaching 0.4 percent in 2019, as macroeconomic policies become less contractionary.\n- The administration’s solid mandate presents an opportunity to address Mexico’s longstanding structural challenges while maintaining very strong policies and policy frameworks."
    },
    {
      "heading": "Monetary policy and inflation",
      "content": "- Monetary policy has started easing in the context of a widening negative output gap and declining inflation.\n- Keywords related to monetary conditions in the report include: core inflation, headline inflation, inflation expectation, effectiveness to monetary policy, exchange rate."
    },
    {
      "heading": "Fiscal policy and revenue recommendations",
      "content": "- Staff highlighted the need to specify credible measures to reach the announced fiscal targets while adopting a more growth-friendly and inclusive policy mix.\n- Increasing non-oil tax revenues, paired with improving the efficiency of spending, will be an imperative in this regard.\n- Subject tags related to fiscal matters: Public debt, Public sector, Revenue administration."
    },
    {
      "heading": "Structural reforms and financial sector",
      "content": "- The authorities have initiated a package of reforms to strengthen financial deepening and inclusion.\n- Subject tags related to the financial sector: Banking, Credit, Money, Credit, financial deepening, inclusion.\n\n---\n\n Content in this bundle\n\n- 1mexea2019001\n  - 1mexea2019001 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1mexea2019001 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: November 5, 2019",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781513519005.002",
    "Growth is expected to accelerate modestly in the near-term, reaching 0.4 percent in 2019, as macroeconomic policies become less contractionary.",
    "The administration’s solid mandate presents an opportunity to address Mexico’s longstanding structural challenges while maintaining very strong policies and policy frameworks.",
    "Monetary policy has started easing in the context of a widening negative output gap and declining inflation.",
    "Keywords related to monetary conditions in the report include: core inflation, headline inflation, inflation expectation, effectiveness to monetary policy, exchange rate.",
    "Staff highlighted the need to specify credible measures to reach the announced fiscal targets while adopting a more growth-friendly and inclusive policy mix.",
    "Increasing non-oil tax revenues, paired with improving the efficiency of spending, will be an imperative in this regard.",
    "Subject tags related to fiscal matters: Public debt, Public sector, Revenue administration.",
    "The authorities have initiated a package of reforms to strengthen financial deepening and inclusion.",
    "Subject tags related to the financial sector: Banking, Credit, Money, Credit, financial deepening, inclusion.",
    "**1mexea2019001**"
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