The work of economists is more indispensable than ever, especially in the current scenario of global geopolitical and economic changes, uncertainty, accelerated technological advances and climate change.
Mexico, which recently began a new six-year term led by President Claudia Sheinbaum Pardo, will be able to face challenges such as: achieving a balance in public finances, achieving higher rates of economic growth, providing legal certainty to investors and strengthening the bilateral relationship with the United States.
Some of the alarm points that are being raised by economic specialists are the implementation of the already approved reform of the Judicial Branch, as well as the elimination of autonomous bodies, which could discourage the attractiveness of the country in the eyes of national and foreign investors, in addition to complicating upcoming negotiations for the revision of the Treaty between Mexico, the United States and Canada (T-MEC) by 2026.
The Bank of Mexico (Banxico) expects that GDP will grow only 1.5% this year, adjusting this forecast for the third time, far from the 2.4% announced in a previous report, while, for 2025, it is expected to grow 1.2%.
On the other hand, inflationary levels could converge with Banxico’s goal of reaching an annual inflation in the National Consumer Price Index (INPC) of 3%, which could benefit the Mexican economy.
In the coming years, we will see how the Federal Government will perform in providing certainty, security and fostering the conditions necessary to keep Mexico attractive, competitive and dynamic. And that is where the eyes of economists will be focused.
Source: forbes
