What does the economic outlook for businesses in Mexico look like

Sergio Cara (Notepress)

The Organization for Economic Co-operation and Development expects Mexico’s GDP to grow by 6.3%.

For nearly two years, companies have faced unimaginable challenges from COVID-19, which includes closing physical stores for months and adapting to e-commerce. according to him Study the demographics of business (EDN) 2020, from 4.9 million Small and Medium Enterprises (SMEs) were reported in 2019, of which 3.9 million survived. In Mexico, according to Mexican Institute of Competitiveness (IMCO), Small and Medium Enterprises sIt represents 52% of the GDP (Started).

The Organization for economic cooperation and development (OECD) forecasts an increase of 5.7 percent by 2021 in the global economy. In this sense, it is expected that Mexico has growth of GDP 6.3% this year and 3.4 during 2022 Bank of Mexico Banxico has forecast 6.2% of GDP growth for this year, but has estimated inflation of 5.7. The National Institute of Statistics and Geography (INEGI) reported that total fixed investment (IFB) peaked in August at 12.8% compared to the same month in 2020.

In a newsletter sent to NotepressAnd MarionBenitez, Director of Camplo México Comment on the company’s enthusiasm for Mexican companies to continue to impact the country’s economy every day. He also confirmed that The presence of favorable conditions for productive investment, As is the Treaty between Mexico, the United States and Canada (T-MEC). He pointed to a rebound in technology, shipping, and food and beverage companies over the past year.

On the other hand, since August 2020, the Commercial bank credit to the private sector showed consecutive monthly decliness. This happens as a result of A crisis derived from Covid-19, but they were already minors in recent months. According to data from Banxico, The central region of the country had an economic recovery of 97%, while southern Mexico got 99%.

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Benitez considers it important Take into account the structures of each company to adapt, because it depends on many factors. They range from creating good strategies, developing new products, betting on digitization and financing. He added that Cumplo allows companies to access financing through various means to accelerate growth and maximize the potential of small and medium-sized businesses. According to Benitez, much of the area It will take a long time to recover and return to pre-pandemic levels of production, So companies will continue to change.

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