IMF Conclude Article IV Consultation With Mexico

Washington, DC : The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Mexico.

• "The Mexican economy is rebounding from its deepest recession in decades, driven by strong U.S. growth and the pandemic-related re-opening of sectors. After shrinking 8.3 percent in 2020, real GDP is forecast to grow by 6.2 percent in 2021 and 4 percent in 2022."
• "Nonetheless, Mexico is bearing a very heavy humanitarian, social, and economic cost from COVID-19. There have been over half a million excess deaths, under-employment remains very high, poverty that was high before the pandemic has increased further, and the young have experienced sizable learning losses with potentially harmful long-term consequences."
• The full link to the report is here: https://www.imf.org/en/News/Articles/2021/11/05/pr21323-mexico-imf-executive-board-concludes-2021-article-iv-consultation-with-mexico