The electricity reform is the greatest risk of the Mexican economy: Coparmex

The global landscape has complicated national economy In recent months, however, the greatest risk has been negative investment signals, specifically the proposal to electrical reform of the chief executive, who would leave our country out of the investors’ options, businessmen and consultants on the matter agreed.

By maintaining that the economic reactivation shown at the beginning of 2021 has already stopped and achieved uneven results, José Medina Mora, President of the Employers’ Confederation of the Mexican Republic (Coparmex) mentioned that the 8.3% drop in the START During 2020, it has been the most profound than that experienced in other economic emergencies, therefore, if there are no conditions to improve the business environment, the country will lose investment opportunities.

“Despite the rebound we are experiencing, we can already feel that this inertia has stopped,” and the government and businessmen must work hand in hand to define economic reactivation measures.

During the panel The economic reactivation seen from the main representatives of the business sector, in the Summit Forum of the 1,000 most important companies in Mexico, organized by Executive World, the chief economist of the Coparmex, Mylene Cano, said: “We will not be able to recover the drop of 8.5% with the growth of this year, neither then could we do it with the 3% that is expected for 2022”.

Therefore, the risks of this pessimistic outlook is that the global outlook has greatly complicated the national economy currently and specifically with inflation.

However, he added “the greatest risk that exists specifically the initiative of the electrical reform, that could greatly discourage investment, it has many impacts on the electricity market, but the immediate impact would be Mexico as an investment destination, it would no longer look so attractive. “

In this regard, Alejandro Delgado, president of GCR Consultores (an advisory firm for investment projects in Mexico), said, in the world, there is a 33% drop in world investment flows and a 34% decrease in investment projects. investment and more serious is the fall in jobs generated by investment in the world.

For Mexico, that meant 15% of the investmentSince it is observed the phenomenon that the flow of investment from developed countries moved by 60% to underdeveloped nations since 2008; but now, the stage for the pandemic Covid-19 it was modified and only a movement of only 40% of capital is reported.

“That is irrelevant because it will expand the inequality gaps and growth of nations ”, he mentioned, in addition to the fact that the largest sector had been that of hydrocarbons and Coal; However, it has ceased to be so and that of renewable energy, with nearly 100 billion dollars of global investment flows.

“On Mexico we have to work to be competitive ”, recommended the specialist.

Although Elodina Guerra, general director of Heavy Industries and High Technology of the Ministry of Economy, envisioned a stabilized and balanced Mexican economy in 2022, as there is an increase in national content in supply chains and in strategic sectors, and one of them is energy.

“Inside the I KNOW Work has been done on various projects to increase regional content and promote direct investment in sectors such as hydrocarbons and energy through investment promotion strategies. Also, they have worked on actions to promote the supply of agricultural, livestock and agro-industrial products, ”he said.

rrg



Reference-www.eleconomista.com.mx

Leave a Comment