Mexico Economic Snapshot
Economic Forecast Summary (December 2021)
The economy is projected to expand by 3.3% in 2022 and by 2.5% in 2023, after growing by 5.9% in 2021. Exports will continue to benefit from the strong recovery in the United States. Consumption will be supported by the gradual improvement in the labour market and the increasing share of the population who are vaccinated. Investment will benefit from planned infrastructure projects. Inflation will edge down, after the significant increase in 2021.
Reform Priorities (April 2021)
Going for Growth 2021 - Mexico
The pandemic highlighted how recent increases in poverty, inequalities and gender gaps, exacerbate a long-standing challenge to increase inclusiveness. Raising living standards will require boosting productivity growth by improving the business climate, including through fighting corruption and enhancing the skills across the population.
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2021 Structural Reform Priorities
- Competition and regulation: Reduce barriers to competition
- Governance and legal system: Strengthen the efficiency of the justice system and anti-corruption initiatives
- Labour market: Reduce informality and strengthen the social safety net
- Labour market: Boost female participation in the labour market
- Education and skills: Boost education outcomes and equity
Economic Survey of Mexico (May 2019)
Moderate growth over the past two decades has been supported by oil wealth, working age population growth, and open trade and investment policies. A solid macroeconomic framework has delivered fiscal discipline, abated inflation and enabled Mexico to weather well various commodity price and emerging markets shocks