Mexico’s GDP growth has become unstable and is closing the gap with its counterpart in the United States: Economist

“There is something wonderful happening in Mexico“Robin Brooks, an economist at Goldman Sachs, said about GDP growth in Mexico.

In his account on the X platform, the analyst noted that Mexico’s GDP growth has remained stagnant since before the Covid-19 pandemic. In the combined chart, you can see how Mexican GDP remained at a constant level from before 2018 until the beginning of 2020 when the coronavirus crisis began.

“At the time, it was considered a crisis of confidence. That’s over. Growth has returned to its pre-2018 trend“, noted the economist.

As the graph shows, Mexico’s growth was on the rise from 2009 until just before 2018, when it stagnated and then declined due to Covid-19.

Will Mexico’s economic growth succeed in closing the gap with its counterpart in the United States?

According to Robin Brooks, The level of real GDP growth in Mexicoafter a period of stagnation, is already approaching the distance with Economic growth of the United States.

Many financial professionals agree that Economic growth in Mexico It will again exceed its US counterpart during 2023, as well as the following year 2024, following the trend seen since 2021 after the recovery due to the pandemic.

Analysts attribute the growth of the Mexican economy to factors such as a greater dynamism, to Recorded progress in consumptionIn addition to benefits Close to the beach. In contrast, in the United States, for Monetary restrictions Loss of dynamism is expected.

If predictions are confirmed, there will be four consecutive years Economic growth in Mexico It will be greater than the United States. This is a reality that we have not witnessed since the period between 1990 and 1994, according to Enigi data.