By the end of 2021, the economic outlook The country has been affected by the uncertainty brought about by the arrival of a new variant of Covid-19, as well as the growth in inflation levels.
The Organization for Economic Cooperation and Development (OECD) warned that the variant Omicron it may be a threat to the world’s economic recovery, as a result of which it cut its projections for global growth for this year.
In the case of Mexico, foresee that it will close 2021 with a Gross Domestic Product (GDP) of 5.9%, lower than the 6.3% previously estimated. For 2022 the new forecast is 3.3%, down from the 3.4% estimated just a couple of months ago.
In the same vein, Gabriela Siller, director of economic analysis at Banco Base, indicated that she hopes that by the end of this year the mexican economy achieve a growth of 5.4% and by 2022 it is between 1.5 and 2.5 percent.
“This year was seen as the great year of economic recovery, but it ended up being just a rebound effect and largely hanging from the US economy,” he said.
He also mentioned that in addition to external events, the initiatives of the Mexican government, such as the constitutional proposal for electricity reform and support for Petróleos Mexicanos are also holding back growth, inhibiting investment and ending optimism.
“The economic stagnation that has been reflected by the end of the year. It is not only a consequence of the pandemic but also because there was no countercyclical fiscal policy, coupled with other initiatives that are holding back investment and affecting the business environment. “
For his part, Alejandro Saldaña, chief economist at BX +, agrees that GDP growth in 2022 will be moderate, in relation to that seen in 2021, because there will no longer be an easy basis for comparison (“rebound effect ”), As well as by the low levels of investment in recent years and by the latency of some consequences of the pandemic. With this, it would be until 2023 when GDP recovers the levels seen in 2019.
Reference-www.eleconomista.com.mx