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Mexico needs to prioritize boosting its very low long-term growth rate and create the jobs of the future for the youth. This will require tackling some difficult issues, particularly competitition, public services, and labor markets.
Rodrigo Garcia-Verdu is a Senior Economist in the Middle East and Central Asia Department (MCD). Prior to joining MCD, he worked in the Strategy, Policy, and Review and in the African Departments. He is Mexican national, and has worked for the Federal Government in the ministries of the Economy (Economía) and Finance (Hacienda), and at Banco de México, Mexico’s […]
Jean-Marc Fournier is an economist in the IMF’s Fiscal Policy and Surveillance Division, Fiscal Affairs Department. At the IMF, he developed a model to assess fiscal stance and provided fiscal advice for a range of countries, including Belgium, Côte d’Ivoire, France, India, Japan, Mexico, and the United States. He was previously an economist in the Economics Department of the […]
The conflict is a major blow to the global economy that will hurt growth and raise prices. Beyond the suffering and humanitarian crisis from Russia’s invasion of Ukraine, the entire global economy will feel the effects of slower growth and faster inflation.
The pandemic has deepened long-standing gender gaps, with women continuing to bear the burden of unpaid work.
To stave off risks to recovery, policymakers should focus support on firms that can survive and prepare to restructure or liquidate those that cannot.