Mexico City /
The year of real recovery for the economy It was 2023, after the pandemic covid-19 and after the fall in production of 2019derived from a lower investment environment due to the cancellation of the New Mexico City Airport (NAIM); However, in terms of Gross Domestic Product (GDP) per capita (per inhabitant), the administration of the president, Andrés Manuel López Obradorrepresents a lost six-year term, warned the Mexican Institute for Competitiveness (IMCO).
“In per capita terms, we have not yet recovered the GDP we had in 2018, it is very likely that this year we will not recover, perhaps at the end of next year, not that we will grow, that we will recover,” said the general director of IMCO, Valeria. Moy.
In the conference “Mexico’s economic prospects for the closing of the six-year term: capitalizing on opportunities”indicated that 2018 has been the year in which Mexico presented the highest GDP per capita since data was available, when it reached a figure of 173 thousand 939 pesos, By 2023, it is estimated that the figure will reach 192,523 pesos.
By participating in the 29th Mexican Foreign Trade Congress, “Challenges and opportunities in foreign trade: a focus on innovation”, the general director of IMCO explained that the six-year term of AMLO was characterized by a drop in GDP in 2019 of 0.3, which had nothing to do with the economic performance of USAnot even with any pandemic, but with low investment, due to an environment of uncertainty that generated the cancellation of the NAIMbut with an increase in the birth rate.
He added that later, in 2020, the GDP of Mexico fell 8.7 percent, caused by the coronavirus pandemic covid-19 and it is really not until 2023 when a recovery of the levels observed in 2018 has been seen. He even highlighted the revisions of economic growth that different institutions have made, which reach levels of up to 3.6 percent, when some analysts even anticipated an economic contraction this year. anus.
Challenges
Forward, Valeria Moyawarned about the challenges that Mexico faces; The first, related to the labor market, which is characterized by low unemployment rates, but high informality, particularly concentrated in the south of the country, where along with informality, there are also high levels of poverty.
Additionally, to grow sustainably it is necessary that the country be able to robustly supply electricity and water, as well as infrastructure, related to efficient public transportation and housing, which involves piped water, electricity and drainage; Furthermore, it is essential to strengthen the rule of law.
M.R.A.
