According to the analyst, nearshore investments will arrive in Mexico before 2025.

attachments To Mexico by recomposing supply chains or ‘approximation’ Their implementation will take until 2025 and will ensure sustainable growth of up to 2.5% in the medium term, Alejandro Saldaña, chief economist, calculated this Wednesday Choose More Financial Group (Bx+).

At a press conference, he noted that investors can wait for the results elections presidential elections next June in Mexico and in November in USAamid other restrictions in the country, such as lack of security, energy, water and labor trained

“Our medium-term forecast is that the Mexican economy can grow sustainably as a result of the realignment of supply chains in the current environment at between 2.3% and 2.5%, slightly above the potential we had a couple of years ago. 2%),” he commented.

Moreover, he believed that if Mexico resisted these restrictions, an “even better scenario” would arise.

The economist expected that behind the big announcements, mainly in sectors such as manufacturing, energy, transport, construction and trade, There are new investments in small and medium-sized companies that will supply large companies.

That’s why Bx+’s chief economist predicts that foreign direct investment in Mexico will top $40 billion annually and exports will top $700 billion in the next two years.

He also noted that American businessmen have estimated that trade between Mexico and the United States could reach $1 trillion in 2026.

On the other hand, Saldaña warned that the US elections will play a transcendental role for the Mexican economy, even greater than the Mexican presidential elections.

You might be interested > Audi Mexico workers go on strike over contract disputes

This is because, he explained, the campaigns will add noise to bilateral relations and slow down indicators such as investment and consumption, with issues on the agenda such as migration, security cross-border and arms and drug trafficking How fentanyl.

Although he countered that trade agreements, especially Treaty of Mexico, USA and Canada (T-MEC)do not allow changes in economic policy, regardless of the winners of the elections.

The basic scenario is that Mexico has a succession of rulers. National Renaissance Movement (Morena) and his candidate, Claudia Sheinbaumas successor to the current one President Andres Manuel Lopez Obrador.

Thus, debt levels must be maintained and there must be no financial reforms in the first half of the next six-year term.

However, he estimates that the biggest challenge will be taking care of public finances in the face of reforms to the pension system and renewed cuts in public spending after 2024, weighed down by the completion of the current Mexican president’s signature projects and social projects. spending.

(EFE)

Source: Aristegui Noticias

follow:
\