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

Author: International Monetary Fund. Western Hemisphere Dept.

Volume/Issue: Volume 2023 Issue 356

Publication date: November 2023

ISBN: 9798400258862

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Topics covered in this book

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Business and Economics - Statistics , International - Economics , Inflation , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , bribery case , data ROSC update , bribery investigation , corruption risk , bribery risk , bribery offense , inflation expectation , Corruption , Inflation , Global , Western Hemisphere

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Summary

A broad-based expansion is underway, with robust domestic demand. Inflation has started to recede, and prudent fiscal policy has kept public debt in check. The changes underway in the global economy—including a shift to a lower carbon economy and the reshaping of supply chains—provide an important opportunity for Mexico. However, a broad set of reforms will be needed to translate this opportunity into improved employment prospects and better living standards.