Mexico's Economic Outlook in Five Charts
A worker assembles aluminum panels for passenger jets at an aerospace industry assembly plant in Querétaro, Mexico: improving gender gaps in the country is vital for economic growth (photo: Benedicte Desrus/Sipa USA/Newscom)
November 8, 2018
Mexico's economy grew moderately this year, supported mainly by domestic demand, with growth projected at 2.1 percent for 2018, the IMF said in its latest annual economic assessment.
Economic activity in Mexico has remained resilient despite political and economic uncertainty in the first half of 2018, caused by the lead up to the elections and the US-Mexico-Canada trade negotiations.That said, the country continues to face challenges that include raising living standards by reducing poverty and inequality, as well as addressing crime and corruption.
To tackle these challenges and boost growth in a way that will benefit a wider share of the population, reforms will need to focus on raising public investment and social spending, as well as re-invigorating the structural reform agenda with emphasis on strengthening the rule of law, fighting corruption, and reducing labor market informality, the IMF report said.
Here are five charts that tell the story.
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