Omicron variant of Covid-19 and price increase jeopardizes the economic reactivation of CDMX: Coparmex

Given the current situation that the Mexico City in economic matters, the Confederation of Employers of the Republic of Mexico (Coparmex) locally announced that it is in the process of drafting a plan whose vision is oriented over a 15-year term, in addition, this new project is considering immediate actions to bring about a recovery in this 2022.

At a press conference, the president of the Coparmex CDMX, Armando Zuniga Salinas, announced that they would present this business initiative to the head of the Government of Mexico City, Claudia Sheinbaum Pardo, who aims to benefit all the productive activities of the city.

“It implies an absolute and profound redesign of the economic development strategy, which enables us to flee from cosmetic changes to move towards a change of course, sustainable, innovative and the whole of society brought together and to its advantage. This is where we will work in the coming months, ”he assured.

He indicated that this plan also includes the current projection of the Coparmex CDMX, where they estimate that during the first quarter of 2022 the economic activity of the capital may be affected by the Covid-19 Omicron variant and where the worst case scenario is that 50% of companies disappear in the capital.

Zúñiga Salinas reported that due to this fourth wave of the pandemic, there is already a record that 6% of the capital’s workforce is absent as the workers are infected.

The economic reactivation in Mexico City is in jeopardy, for the following reasons: a macroeconomic environment characterized by rising prices, the most recent indicators of productive activity in the city, simple and straightforward, is not good, the very slow evolution of employment, the the impending impact of the fourth wave of Covid-19 on the productive plant, services and tourism, ”he said.

“Therefore, the various political and economic role players in the capital must work together on comprehensive solutions that address not only the immediate problems caused by the health crisis, but also the consequences that the pandemic will have in the medium and long term. , both in terms of health, as well as in the social and economic sphere ”, the business leader repeated.

Bone scan

Zúñiga indicated that the country’s capital has not ended 2021 with an economic recovery, the main indicator of which is that 134 446 jobs have yet to be reclaimed.

“Mexico City has lagged behind states such as Baja California, Nuevo León, Tabasco, Chihuahua and Querétaro, states that have shown an accelerated recovery from their work,” he said.

In terms of inflation, the calculation is that the country’s capital ended the year with an annual inflation rate of 6.5%, while the food sector generated a larger increase of 10.7 percent.

In matters of Foreign direct investment (FDI), the city captured a total of $ 4,109.1 million from January to September 2021, which was behind 2020, the same period was $ 6,690 million and in 2019 it amounted to $ 8,415.6 million.

Similarly, the hotel occupancy it did not recover as it was 28.1% from January to September 2021, in the same period, but in 2020 it was 22%, while in 2019 it was 60.7 percent.

According to the capital’s business center, the capital’s GDP is also expected to close in 2021 with a larger projected decline, due to the fact that Inegi recently saw an annual decline of the order of minus -1.3% in the fourth quarter. projected the tertiary. activities.

“We have to keep in mind that these tertiary activities represent more than 90% of Mexico City’s GDP,” he said.

The business leader pointed out that the spirit of investing in the business sector is also lagging behind.

For example, he delved into the fact that only 48.5% of businessmen are in the mood to invest, according to the Data Coparmex 2.0.

kg



Reference-www.eleconomista.com.mx

Leave a Comment