La Jornada – The executive branch rules out a crisis in the economy at the end of his administration

Mexico City. President Andrés Manuel López Obrador predicted yesterday that there would be no economic crisis at the end of his term, but stressed that “caution must be exercised” in managing the country’s finances in the medium term and focusing on 2025. When he said, “There may be some… “Amendments” after the US presidential election in November 2024.

He announced in his morning press: “From now until the end of next year, I do not see an economic or financial crisis. I hope I am not wrong, but after that there may be adjustments, but already at the beginning of 2025.” Conference at the National Palace.

He added: “I will speak well about this matter, about how I see things, and with whoever replaces me in leading the transformation movement, because we should not trust each other at all.”

López Obrador stressed that with the recent adjustments made by the National Institute of Statistics and Geography (Inegi) to economic growth measurements, the collapse of GDP during the 2020 lockdown due to the Covid-19 pandemic amounted to 8.83 percent, a much deeper recession than that. 8.16 which has been reported before.

The president stressed that the recovery of the Mexican economy “was a miracle”, because with Enigi’s recalculation, economic growth in 2021 amounted to 6.1 percent and not 4.7 percent, as initially calculated.

“We are talking about the worst decline in almost 100 years. We have had a very difficult time due to the pandemic. Fortunately, thanks to the strategy we have implemented, we have achieved growth in 2021,” stressed the Tabasco native.

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After reviewing the growth figures so far during his six-year term, the president noted, “This, taken together, gives a positive average annual growth of 0.9 percent. This is a miracle. I hope that by 2024 this number will reach 1.3 percent over The least, so that per capita growth is the same as before the pandemic, with the addition that the distribution of wealth and income is different.” Inequality decreased.

Aileen Morales

"Beer nerd. Food fanatic. Alcohol scholar. Tv practitioner. Writer. Troublemaker. Falls down a lot."

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