Mexico
Journal: IMF Staff Country Reports
Year: 2022

After stagnating unexpectedly in the second half of 2021, the economic recovery picked up pace in the first half of 2022 owing to catch-up momentum, improving labor market conditions, and fiscal policy support. Headline inflation rose from about 3 percent at the end-2020 to 7.4 percent by end-2021 and to 8.7 percent by August this year. Economic activity is expected to slow from 2.1 percent in 2022 to 1.2 percent in 2023, given weaker U.S. and global growth and tighter global financial condition