President of Mexico Andres Manuel Lopez Obrador, predicted this Friday that economy will grow by 3.5% this year 2024, after which it will finish its six-year term with average growth of 1.3% each year, despite the historic 8.8% contraction left COVID-19 pandemic in 2020.
“I have a forecast that despite the pandemic, this terrible tragedy, we are going to achieve annual growth of 1.3% for six years, which will be a feat,” said the president, who began his administration. at its morning conference in December 2018 and will conclude in October next year.
He Mexico’s gross domestic product (GDP) rose 2.1% in 2018 but fell 0.3% in 2019, the first year of López Obrador’s presidency, according to updated data National Institute of Statistics and Geography (Inegi).
Mexico was one of the countries Latin America which took longer for GDP to recover from the Covid-19 pandemic, but its economy recovered by 6.1% in 2021 and by 3.9% in 2022.
The economy grew 3.4% through the third quarter of 2023, but López Obrador was confident of 3.5% growth when Inegi released its first timely estimate on Jan. 30.
“I don’t see anything that could affect us, nothing, nothing, the economy is good, we will continue to grow, my forecast: this year we will grow by 3.5%, that’s what I said about last year. “, he pointed out.
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Although analysts warn of risks to the Mexican economy with elections in Mexico this year and USA, where is the former president Donald Trump (2017-2021) could return to power, the Mexican ruler rejected the dangers.
“I see the country’s economy well, fortunately, we see neither internal risk nor any external factor that could lead us to an economic crisis, but, of course, we don’t know who could have thought of a pandemic,” he said He. commented.
The president criticized analysts, banks and international organizations for forecasting that Mexico’s economy will grow between 2% and 2.5% in 2024, arguing that they “always” start the year with low forecasts and raise them over time.
“Economists and technologists, still under the influence of the neoliberal model, are very pessimistic. I don’t know if they take into account how growth forecasts are processed, how they start,” he said.
(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.
