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He President Andres Manuel Lopez Obrador He stated this this Sunday in his latest government report official, what Mexico’s economy grew by an average of 1% annually. during its six-year term (2018-2024), which now ranks 12th in the world, up from its previous 15th place.
“In a six-year perspective, even despite the (covid-19) pandemic, this is crisis such a decline in the economy due to pandemic It has affected Mexico and the world, even though we are going to finish the six-year period with an average growth of 1%,” he said in Skirting board from Mexico City.
López Obrador presented his final official government report on Sunday, summing up his six-year term (2018-2024) before handing over the presidency to his successor on October 1. Claudia Sheinbaumfrom his own party, the National Revival Movement. (Brunette).
In his speech, the President discussed the growth gross domestic product (GDP) as “something truly exceptional in the face of an extremely difficult economic situation in the country and in the world.”
“Despite the pandemic and world crisis unleashed by the war between Russia and Ukraine, and after falling to 8.5% in the economy in 2020, we rose again and from 2021 to the present, on average, grew annually by 3.4%,” he said.
The President stressed that, based on the data World Bank from 2018 to 2023 « poverty in mexico It grew from 34.3 million people to 24.7 million, meaning that in 5 years, 9.5 million Mexicans have been lifted out of poverty.”
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He also stated that “Mexico is considered one of the most attractive countries for investment and do business,” citing a record $36 billion in foreign direct investment (FDI) in 2023 and $31 billion in the first half of 2024.
“In that six-year period, we have displaced China and Canada and are now the United States’ top trading partner for the first time in more than 50 years. the peso has not devaluedOn the contrary, our currency is the second strongest in the world against the dollar,” he noted.
In addition, he stated that general inflation In the first half of August it was controlled at a rate of 5.16%.
As for work, he said more 2.3 million formal jobs new registrations in the Mexican Social Security Institute (IMSS) totaling 22.38 million people.
While the speed informality Over six years, it fell by 4.2 points to 54.3%.
“We are the second country in the world, and I did not promise that I would be the president in terms of employment, with a lower unemployment rate. Average wage in 2018 workers “When I was registered with the social security system, I was getting 352 pesos a day; today it’s 587 pesos,” he explained.
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.
