IMF Staff Country Reports

Mexico: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Mexico

October 27, 2025

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Format: Chicago

International Monetary Fund. Western Hemisphere Dept. "Mexico: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Mexico", IMF Staff Country Reports 2025, 286 (2025), accessed 12/6/2025, https://doi.org/10.5089/9798229025140.002

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Summary

Economic activity has been soft since mid-2024 as the economy
confronted capacity constraints, fiscal consolidation, and restrictive monetary policy.
U.S. tariffs added to these headwinds, primarily through uncertainty eroding
consumption and investment. This has all resulted in subdued growth in 2025.
Inflation has moderated but underlying pressures have not been fully resolved.

Subject: Economic sectors, Expenditure, Inflation, Prices, Public debt, Public sector

Keywords: financial system, fund holding, Global, Inflation, inflation-targeting regime, Public sector, staff report, Subnational finance