He President Andrés Manuel López Obrador claimed that weight remains strong despite uncertainty in debt ceiling talks in USA.
“Even though the debt ceiling resolution in the United States has not yet been decided and this is causing some economic and financial instability, our weight has held and does not exceed 18,” he said this Friday during a morning press conference. V National Palace.
“We are still the country with the strongest peso against the dollar in the world,” he added.
This Friday, the Mexican peso began to strengthen in the face of a global weakness in the dollar, thanks to news of recent progress in negotiations between White House and Republican congressmen to raise the cap on state debt US.
The local currency traded at 17.6928 per dollar, up 0.87% from Thursday’s Reuters reference price. During the week, it added 0.43% in yield.
“The issue of the debt ceiling is one of the priorities of the operators, and optimism about the agreement between Democrats and Republicans has increased,” the firm said in a statement. IC Bank on a policy note.
AMLO also celebrated this Friday National Institute of Statistics and Geography (Inegi) published data on economic growth, which reported an average annual growth of 3.7 times.
“Our economy is growing,” he stressed.
Mexico’s first-quarter growth was slightly lower than previously estimated, Inega said, amid weak agricultural performance that was offset by services and manufacturing.
He Gross domestic product (GDP) it is up 1% from October to December 2022, when it registered a 0.6% increase.
The institution previously predicted that the second largest economy in Latin America it would have increased by 1.1% in the first quarter.
The growth was driven by a 1.5% increase in activity. tertiary -coating services-, and 0.6% in activities universities – which include produces-.
On the contrary, the main activities, including agriculture, livestock and fishing, decreased by 2.8%.
On an interannual basis, GDP accelerated to 3.7% in the first quarter of the year, although the data also came in below the previously forecast 3.9% growth.
Source: Aristegui Noticias

Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.