Mexico : Arrangement Under the Flexible Credit Line and Cancellation of Current Arrangement-Press release and Staff Report.

This paper discusses recent economic developments, outlook, and risks in the economy of Mexico. The economy continues to grow at a moderate pace. Growth reached 2 1\2 percent in 2015 and is projected to remain at a similar level in 2016. Global financial volatility has increased sharply over the las...

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Bibliographic Details
Corporate Author: International Monetary Fund. Western Hemisphere Dept
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2016.
Series:IMF Staff Country Reports; Country Report ; No. 2016/137
Online Access:Full text available on IMF
Description
Summary:This paper discusses recent economic developments, outlook, and risks in the economy of Mexico. The economy continues to grow at a moderate pace. Growth reached 2 1\2 percent in 2015 and is projected to remain at a similar level in 2016. Global financial volatility has increased sharply over the last year, with significant spillovers to Mexico's financial markets. The flexible credit line (FCL) has served the Mexican economy well. The previous FCL arrangements provided valuable insurance in the immediate aftermath of the 2008-09 global financial crisis and during the euro area crisis and the recent turbulent period in the run-up to the start of U.S. monetary policy normalization.
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Physical Description:1 online resource (57 pages)
Format:Mode of access: Internet
ISSN:1934-7685
Access:Electronic access restricted to authorized BRAC University faculty, staff and students