Querétaro businessmen express optimism for the economic recovery

Querétaro, Qro. The state’s private initiative remains optimistic about the growth that the entity could achieve by the end of the year, as well as the expectations of achieving a more accelerated prepandemic recovery than in the rest of the country.

For the president of the Querétaro business center of the Employers’ Confederation of the Mexican Republic (Coparmex), Jorge Camacho Ortega, stated that this year the entity could achieve economic growth of between 5 and 6% per year.

The generation of formal jobs, he said, has been one of the symptoms of the state’s economic recovery, after returning to the pre-pandemic level regarding jobs.

“We are doing well, yes we are recovering. A very important data is the generation of formal employment in Querétaro, which continues to grow, we managed to recover the jobs lost during the pandemic more or less in the month of June, July. We do bring a good recovery of formal jobs ”, he commented.

In the growth of this year, he said, the economic activation that occurred after the period of confinement that was lived in 2020 will influence. Meanwhile, the continuity in attracting investment projects that the state has had will also influence, despite the effects of the pandemic.

In addition to the investment projects that have been completed, he added, there is interest in the state to attract data centers, a type of investment in which the entity is beginning to specialize.

He estimated that in 2022 the growth trend will continue and that there are conditions so that in 2023 the state will resume the volume that the Gross Domestic Product (GDP) had in 2018.

Meanwhile, he trusted that the state has conditions of connectivity, investment attraction and job creation that would contribute to a faster recovery rate.

“We are like an island in the middle of the country, we provide conditions of security, connectivity, logistics, the airport continues to innovate, grow (…) In terms of logistics it has a privileged location,” he declared.

The president of the Querétaro delegation of the National Chamber of the Transformation Industry (Canacintra), Jorge Rivadeneyra Díaz, stressed that this body is also forecasting that this year the entity will achieve single-digit growth, hovering between 3 and 4 percent. hundred.

According to the course that the hiring of formal jobs has taken and the expectations of economic recovery this year, it could be in 2022 when the entity resumes levels of pre-pandemic economic activity, he explained.

Faced with the incidence of the container crisis, the increased cost of cargo transportation, delays in Asian imports and a shortage of materials, the industrialist trusted that the entity will overcome these phenomena and maintain a recovery trend during the end of 2021 and continue at a higher pace next year.

Secondary activities

During the first semester of the year, the secondary activities of the state accumulate a growth of 15.9% in relation to the same period last year, a positive balance after the declines of 2020, details the Quarterly Indicator of State Economic Activity (ITAEE).

The accumulated annual variation from January to June derives from an advance of 23.7% in the second quarter, previously in the first quarter it decreased 1.1%, show the records of the National Institute of Statistics and Geography (Inegi).

Meanwhile, in 2020 the state economy fell 9.3% annually and in 2019 the decline was around 1.6 percent.

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