Mexico:2022 Article IV Consultation-Press Release and Staff Report

Author: International Monetary Fund. Western Hemisphere Dept.

2022 Article IV Consultation-Press Release and Staff Report

Volume/Issue: Volume 2022 Issue 334

Publication date: November 2022

ISBN: 9798400224669

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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 , Inflation , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , Business and Economics - Statistics , International - Economics , data ROSC update , headline inflation , inflation surge , liability positions vis-à-vis nonresident , ROSC mission , Inflation , External sector statistics , Government finance statistics , Global , North America

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Summary

Mexico’s economy has recovered more gradually from the pandemic than many peers. Even so, inflation has accelerated and has become more entrenched, as elsewhere. Domestic and external financial conditions tightened in the past year, while near-term growth prospects for the U.S., Mexico’s main trading partner, have weakened. The risks of capital outflows have risen. These new challenges compound Mexico’s long-standing problems of low growth and high inequality.