In the opinion of Rogelio Ramírez de la O, head of the Ministry of Finance and Public Credit of Mexico, the country will continue to show signs of recovery beyond what was forecast by analysts until the end of 2022.

The CEO of the Ministry of Finance and Credit pointed out during his participation in the Santander Latin America conference that Mexico is showing a growth trend, palpable in the labor sector.

Rogelio Ramírez de la O also highlighted a downward trend in Mexican inflation, which has a positive impact on the stabilization of the economy.

The head of the Treasury and Credit portfolio indicated: “Our country is strongly positioned to take advantage of Nearshoring, considering factors such as non-oil exports, mainly manufacturing and automobiles to the United States, which maintain a significant recovery, in contrast to the decrease that those of China have registered.”

On the other hand, he emphasized the reduction of risk factors for Mexico, which brings encouragement to investment opportunities. One of the areas that has shown strong income has been tourism, “with an increase of 45 % compared to the previous year, followed by exports from the automotive sector and remittances,” according to Rodríguez de la O.

M.Pine

Source: americaeconomia

(Reference image source: Jorge Aguilar / Unsplash)

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La entrada Mexico’s economy will maintain signs of growth apareció primero en Bitfinance.