Mexico: Staff Report for the 2003 Article IV Consultation

Author: International Monetary Fund

Volume/Issue: Volume 2004 Issue 254

Publication date: August 2004

ISBN: 9781451825596

$20.00

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Exports and Imports , Inflation , Economics- Macroeconomics , Public Finance , ISCR , CR , consumer confidence index , deficit , core inflation , headline inflation , smaller-than-expected deficit , draft bill , augmented deficit , Inflation , Public sector , Oil prices , Global

Also of interest

Peru

Grenada

Nepal

Republic of Congo : 2001 Article IV

Summary

This 2003 Article IV Consultation highlights that Mexico’s real GDP remained subdued in the first half of 2003, with growth of 1.4 percent in the four quarters ending in the second quarter. While recent indicators of activity have been mixed, most observers still expect the economy to recover in the second half of the year, in line with the United States recovery. The government has made significant progress in strengthening the structure of public debt. Public external debt has fallen further from 15 percent of total debt in 2000 to 13½ percent in 2002.