This 2014 Article IV Consultation highlights that after a sharp slowdown in 2013, growth in Mexico is projected to recover to 2.4 percent this year. The strong recovery in the United States in the second quarter of 2014 has triggered a rebound in Mexicoas manufacturing production and exports. In addition, construction activity is firming up, supported by a rebound of residential investment and an increase of government spending on infrastructure. Mexicoas external position remains broadly consistent with fundamentals and desirable policy settings. In 2014, the current account deficit is projected to remain unchanged with an improving trade balance offset by a continued increase in factor payments.But the homes were built far away from jobs in city centers, and government mortgage credit and subsidies that favored ... the maximum amount it can lend to prospective home buyers by 76 percent and extending maturities of its mortgages .
|Title||:||Mexico: 2014 Article IV Consultation-Staff Report; and Press Release|
|Author||:||International Monetary Fund. Western Hemisphere Dept.|
|Publisher||:||International Monetary Fund - 2014-11-13|