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Mexico: Review Under the Flexible Credit Line Arrangement: Staff Report; and Press Release on the Executive Board Discussion

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  • International Monetary Fund

Abstract

Mexico’s policy stance has focused on balancing domestic and external conditions, supporting the recovery while rebuilding policy buffers through fiscal consolidation and reserve buildup. Growth has remained resilient during the first half of 2011 and is expected to continue into 2012, albeit at a more moderate pace. Downside risks remain elevated, associated with possibly protracted low growth in the United States and bouts of heightened global risk aversion from unsettled market conditions in Europe. The Mexican peso has depreciated by about 8 percent in nominal effective terms since the beginning of the turmoil in Europe.

Suggested Citation

  • International Monetary Fund, 2011. "Mexico: Review Under the Flexible Credit Line Arrangement: Staff Report; and Press Release on the Executive Board Discussion," IMF Staff Country Reports 2011/367, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2011/367
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    Cited by:

    1. Rebecca Ray & Mark Weisbrot, 2012. "The Mexican Economy and the 2012 Elections," CEPR Reports and Issue Briefs 2012-18, Center for Economic and Policy Research (CEPR).
    2. Gurbachan Singh, 2012. "Financial Stability Reports (FSR) of the Reserve Bank of India (RBI), March and December, 2010: A Critical Review with a Long-term Perspective," Margin: The Journal of Applied Economic Research, National Council of Applied Economic Research, vol. 6(1), pages 27-46, February.

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