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

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  • International Monetary Fund

Abstract

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.

Suggested Citation

  • International Monetary Fund, 2019. "Mexico: 2019 Article IV Consultation-Press Release and Staff Report," IMF Staff Country Reports 2019/336, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2019/336
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=48788
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    Cited by:

    1. Wael Hemrit, 2022. "Does insurance demand react to economic policy uncertainty and geopolitical risk? Evidence from Saudi Arabia," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 47(2), pages 460-492, April.
    2. Lundahl, Mats & Sjöholm, Fredrik, 2020. "Economic Challenges for East Timor," Working Papers 2020:14, Lund University, Department of Economics.
    3. Barseghyan, Gayane, 2019. "Sanctions and counter-sanctions : What did they do?," BOFIT Discussion Papers 24/2019, Bank of Finland, Institute for Economies in Transition.
    4. Abdulaziz I. Almulhim & Ismaila Rimi Abubakar, 2021. "Understanding Public Environmental Awareness and Attitudes toward Circular Economy Transition in Saudi Arabia," Sustainability, MDPI, vol. 13(18), pages 1-15, September.
    5. repec:zbw:bofitp:2019_024 is not listed on IDEAS

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