## Mexico: 2023 Article IV Consultation-Press Release and Staff Report

_IMF Staff Country Reports, November 1, 2023_

## Source details

**Canonical URL:** [Mexico: 2023 Article IV Consultation-Press Release and Staff Report](https://www.imf.org/en/publications/cr/issues/2023/10/31/mexico-2023-article-iv-consultation-press-release-and-staff-report-541023)

## Other formats

- [Markdown version](/en/publications/cr/issues/2023/10/31/mexico-2023-article-iv-consultation-press-release-and-staff-report-541023/index.md)
- [Structured JSON version](/en/publications/cr/issues/2023/10/31/mexico-2023-article-iv-consultation-press-release-and-staff-report-541023/index.json)
- [Bundle manifest](/en/publications/cr/issues/2023/10/31/mexico-2023-article-iv-consultation-press-release-and-staff-report-541023/bundle-manifest.json)

## Bibliographic details
- Published: November 1, 2023
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400258862.002

---

### Growth outlook and near-term projections
- The Mexican economy is in the midst of a broad-based expansion.
- Growth is expected to be 3.2 percent in 2023, led by robust private consumption and investment.
- Notable strength is observed in services, construction, and auto production.
- Economic activity is expected to moderate in the second half of 2023 and in 2024, reflecting the lack of economic slack, weaker US growth, and tight monetary policy.

### Risks and scenarios
- Risks are balanced.
- Downside risk: an abrupt global slowdown.
- Upside risks:
  - Diversification of global supply chains could catalyze growth, boost investment, and increase employment opportunities.
  - A more resilient than expected US economy.

### Policy recommendations (supply-side focus)
- Facilitate female labor participation.
- Tackle crime and corruption.
- Improve access to finance.
- Reduce the costs of formalization.
- Remove regulatory hurdles.
- Expand renewable energy supply.
- Promote competition.
- These measures aim to enable Mexico to capitalize on potential gains from new opportunities.

*Mexico: 2023 Article IV Consultation-Press Release and Staff Report, November 1, 2023*

---

## Content in this bundle

- **1mexea2023003**
  - [1mexea2023003 (Markdown version)](/-/media/files/publications/cr/2023/english/1mexea2023003.pdf.md){rel="alternate" type="text/markdown"}
  - [1mexea2023003 (PDF)](/-/media/files/publications/cr/2023/english/1mexea2023003.pdf){rel="external" type="application/pdf"}

---

_Source: https://www.imf.org/en/publications/cr/issues/2023/10/31/mexico-2023-article-iv-consultation-press-release-and-staff-report-541023_