Mexico: Staff Report for the 2003 Article IV Consultation
Volume/Issue:
Volume 2004
Issue 254
Publication date: August 2004
ISBN: 9781451825596
$20.00
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Topics covered in this book
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Business and Economics , 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
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.
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