The Organization for Economic Co-operation and Development (OECD) raised its growth forecast for Mexico’s economy in 2023 this Wednesday. up to 2.6%, one-tenth more than his previous forecast for November.
The figure is slightly lower than the forecasts of the Minister of Finance and Public Credit of Mexico. Rogelio Ramirez de la O, who predicts a 3% growth At the end of the year.
In a new report released today, OECD remains unchanged at 2.1% Estimated growth of the Mexican economy in 2024.
“Consumption will be supported by an improvement in the labor market, but high inflation will suffer”assured the report of the multilateral organization.
However, he pointed out that inflation It will decrease from 5.9% in 2023 to 3.7% in 2024.
In this sense, he warned that although price increases have begun to slow down, expectations and core inflation remain high, Therefore, the monetary policy of the Bank of Mexico should remain “restrictive” and not start a gradual reduction in interest rates “until the end of 2023”.
He also stressed that investment will continue to grow. by “improving bottlenecks in global value chains and relocation of manufacturing activities to Mexico.”
In this regard, he stressed the importance strengthen “certainty of regulation, especially in the energy sector”, get the most out of ongoing resettlement processes in the country.
(EFE)
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.
