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Mexico: Selected Issues
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2011: Issue 249
Language:
English
Publication Date:
08 Aug 2011
DOI:
https://doi.org/10.5089/9781462326419.002
ISBN:
9781462326419
ISSN:
1934-7685
Pages:
39
Keywords:
ISCR; CR; Mexico; inflation AR; export; real-time output gap estimate; China effect; oil revenue; spending compression; estimates of the output gap; reform strategy; UN COMTRADE; pension spending; Exports; Output gap; Health care spending; Pension spending; Asia and Pacific; Global; North America
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Mexico’s growth process in trend and cyclical factors, with implications for policy decisions, is discussed. Mexico’s trade integration has been important for growth. But the high export growth experienced has been followed by a more muted performance. Reforms to improve productivity are important to sustain export dynamism. Fiscal credibility, underpinned by prudent fiscal management and a strong fiscal framework, permitted a countercyclical fiscal response during the global crisis. However, Mexico faces significant long-term fiscal challenges, and addressing effectively such fiscal challenge would require early action.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund