In the midst of the high levels of inflation that have been registered worldwide, and the appearance of the new Omicron variant, the recovery of the mexican economya has not deviated, assured Gabriel Yorio, Undersecretary of Finance and Public Credit (SHCP).
At the end of an event, the official explained that the contraction of the Gross Domestic Product (GDP), in the third quarter of the year, was due to the outsourcing reform as well as the impact of the third wave of infections by Covid-19, caused by the Delta variant.
“This event does not deviate the recovery of Mexico but, we will be seeing, as there are new waves, these types of ups and downs, these types of activities,” he told the media.
Yorio recalled that the tall inflation levels They are a worldwide phenomenon, due to the interruption of value chains, which has caused that, for example, the transport costs of maritime containers have increased 10 times their value.
Last week it was reported that the inflation in Mexico In the first half of November, it reached 7.05% per year, its highest level in 20 years and, it is expected, that a similar figure will repeat in September, this given the inflationary pressures caused by supply shocks worldwide.
Regarding GDP, in the third quarter of this year it had a lower performance than expected, this due to the implications of the outsourcing reform, as well as the third wave of Covid-19 caused by the Delta variant. Thus, the GDP for the third quarter of the year showed a contraction of 0.4% compared to the previous quarter.
Reference-www.eleconomista.com.mx