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.
The release of a paper by the IMF called "Rethinking Macroeconomic Policy" has attracted instant reaction and a lot of comment. Paul Krugman supported the idea of targeting higher average inflation, but said he was surprised that the Fund was allowing him to say so publicly. Others said inflation was not the solution.
The Managing Director of the IMF, Dominique Strauss-Kahn, begins a six-day trip to Asia. First he's in Singapore attending the 16th Asia-Pacific Economic Cooperation (APEC) Finance Ministers’ Meeting, and then goes on to China November 16-17, one of the region’s most dynamic economies.