Mexico: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Mexico
IMF Staff Country Reports, October 27, 2025
Source details
- Canonical URL
- Mexico: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Mexico
Other formats
Bibliographic details
- Published: October 27, 2025
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798229025140.002
Economic activity and growth
- Economic activity has been soft since mid-2024.
- The softness in activity has resulted in subdued growth in 2025.
Headwinds and drivers of the slowdown
- Capacity constraints.
- Fiscal consolidation.
- Restrictive monetary policy.
- U.S. tariffs added to these headwinds, primarily through uncertainty eroding consumption and investment.
Inflation and price dynamics
- Inflation has moderated.
- Underlying inflationary pressures have not been fully resolved.
Thematic coverage and focus areas
- Economic sectors
- Expenditure
- Inflation, Prices
- Public debt
- Public sector
Keywords emphasized in the report
- financial system
- fund holding
- Global
- Inflation
- inflation-targeting regime
- Public sector
- staff report
- Subnational finance
International Monetary Fund, Mexico: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Mexico (October 27, 2025).
Content in this bundle
- Near-Term Impact of Tariffs and Trade Policy Uncertainty on Mexico