Mexico: 2007 Article IV Consultation: Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion for Mexico

International Monetary Fund

No 2007/379, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2007 Article IV Consultation highlights that the economic expansion of Mexico has continued albeit slowed by developments in the United States. Despite some pickup in the second and third quarter, growth is projected to be close to 3 percent for 2007 as a whole. Fiscal policy is on track to achieve balance for 2007, on the traditional budget measure, as required by the new Fiscal Responsibility Law. Executive Directors have commended the improvements in macroeconomic and financial policies that have helped Mexico to reduce significantly external and internal vulnerabilities over the years.

Keywords: ISCR; CR; financial asset price; oil export price; EMBI; inflation; pension systems restructuring fund; Mexico's EMBI; inflation expectation; Public sector; Oil; Global (search for similar items in EconPapers)
Pages: 67
Date: 2007-12-13
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