Mexico: 2019 Article IV Consultation-Press Release and Staff Report

November 5, 2019

Preview Citation

Format: Chicago

Mexico: 2019 Article IV Consultation-Press Release and Staff Report, (USA: International Monetary Fund, 2019) accessed September 18, 2024

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. Monetary policy has started easing in the context of a widening negative output gap and declining inflation. The administration’s solid mandate presents an opportunity to address Mexico’s longstanding structural challenges while maintaining very strong policies and policy frameworks. 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. The authorities have initiated a package of reforms to strengthen financial deepening and inclusion.

Subject: Banking, Credit, Economic sectors, Imports, International trade, Money, Public debt, Public sector, Revenue administration

Keywords: Core inflation, CR, Credit, Economic activity, Effectiveness to monetary policy, Exchange rate, Executive board assessment, Global, Headline inflation, Imports, Inflation expectation, ISCR, Largely not observed, Liability positions vis-à-vis nonresident, Minimum wage, Public sector, Trade balance

Publication Details

Pages:

91
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2019/336
Stock No:

1MEXEA2019001
ISBN:

9781513519005
ISSN:

1934-7685

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