In the first quarter of 2023, Mexico grew by 3.7% According to Sofia Ramirez, director of “Mexico, how are we doing?” explained that it appears to begood start to the year“.
He added that formal employment has also increased, however, contrary to what was thought, informal employment has increased. Which he points to as one of the consequences of market failures.
He assured that the structural problem of the Mexican economy was the low level of participation of women in formal economy because of the double workload, they have to do household chores.
“You can’t leave us alone, GDP is still very close to 2015 levels. eight years behind even after the upheaval that occurred in 2020, we have not been able to restore pre-pandemic economic activity in 12 states,” the director said.
Photo: Freepik
According to Sofia Ramirez, the economic recovery was slow and different for each sector, in addition, she assured that the price of goods and services will continue to grow.
On the positive side, domestic consumption has increased, and with it foreign direct investment primarily in manufacturing and financial services.
As a recommendation, Sofia Ramirez assures that now is the time to increase savings, since it is not known what may happen in the future.
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.
