WASHINGTON, Oct 4 — The International Monetary Fund (IMF) yesterday significantly raised its 2023 growth forecast for Mexico to 3.2 per cent from a 2.6 per cent forecast issued...
The IMF in a statement said that following its 'Article IV' annual economic review mission to Mexico City it also raised its 2024 growth forecast for Mexico to 2.1 per cent from 1.5 per cent in July. — Reuters picWednesday, 04 Oct 2023 7:56 AM MYT
The IMF in a statement said that following its “Article IV” annual economic review mission to Mexico City it also raised its 2024 growth forecast for Mexico to 2.1 per cent from 1.5 per cent in July. The IMF said Mexico’s expansion was broad-based, with record-low unemployment and record-high manufacturing capacity utilisation rates.
“However, capitalizing on this potential and competing with other production locations will require addressing Mexico’s long-standing structural challenges while continuing to pursue prudent macroeconomic policies,” the IMF said.
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