Mexico:Review Under the Flexible Credit Line Arrangement-Press Release and Staff Report

Review Under the Flexible Credit Line Arrangement-Press Release and Staff Report

Volume/Issue: Volume 2020 Issue 306

Publication date: November 2020

ISBN: 9781513561714

$18.00

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Inflation , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , ISCR , CR , FCL resource , Mexico's qualification , IMF's executive board , policy implementation , swap line , Public sector , COVID-19 , Inflation , Global , North America

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Summary

The Covid-19 shock this year has imposed an enormous strain on Mexico. Beside the staggering human cost, the economy faces a historic drop in output and employment and a sharp spike in poverty. It is expected to take many years for employment, income, and poverty to return to pre-pandemic levels.