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In addition, the flexible line of credit with the International Monetary Fund, of $ 88 billion, is greater than $ 71 billion in 2012. 12 years ago, this instrument was not available.
Mariana Ramírez, Deputy Director of BX + Economic Strategy, and Janneth Quiroz, Deputy Director of Monex Economic Analysis, agreed that resources available for the country speak of the level of confidence in economic stability from the country.
Other factors of strength, such as sustained growth of 2.3% per year and unemployment rate of 3.2% in May.
With enough "park" to cope with external shocks, the Mexican economy will face the presidential election with macroeconomic strength.
Data from Banco de México. Mexico indicates that the country's international reserves reach $ 173 billion before the elections on July 1, exceeding $ 156 billion 6 years ago and $ 77 billion in 2006.
To this must be added the line of Flexible credit with the International Monetary Fund, which with 88 billion dollars, is higher than the 71 billion in 2012, while 12 years ago this was not According to Mariana Ramírez, deputy director of the economic strategy at BX +, and Janneth Quiroz, deputy director of economic analysis at Monex, they agreed that the resources available for the country speak of their level of confidence in stability.
In addition, a flexible exchange rate regime allows it to absorb external shocks and prevent it from affecting other variables. Although we observe a depreciation, it is not necessarily negative because, besides the protection of the economy, it also increases the competitiveness of the country, "said Mariana Ramírez
We have consolidated an instrument such as than the flexible line of credit. Having it give a signal of stability to the world, and not using it gives us more strength, "says Janneth Quiroz
GROWTH
For scholars, these fundamentals have allowed the Mexican economy to stay afloat despite the several external factors that threaten it, whose growth is now 2.3% per year, according to data from INEGI. This rate, although it is more moderate than in previous years (3.7% in 2012 and 4.6% in 2006), "has the advantage that has been more sustained and constant than". in the previous six years, "according to Mariana Ramírez, BX + Analyst
The uncertainty caused by NAFTA has reduced investment and resulted in second-rate effects such as jobs that do not have the same effect. come more and have influenced the recent slowdown, "said Janneth Quiroz de Monex.
EMPLOYMENT
In the labor market which, before the elections, had an unemployment rate of 3.2% of the population economically less than the 4.8% recorded in 2012 and at levels similar to those of 2006, the experts felt that this is another factor. Mexican
The growth of formal employment during the sexennium has been remarkable, due to the formalization of jobs before the end of the decade. nformel and the generation of others. The big challenge remains the issue of wages, as most of the new "The employment data show some strength in the domestic market, which has been a pillar to maintain consumption," said Janneth Quiroz [19659002] PUBLIC FINANCES
] Mariana Ramírez de BX + and Janneth Quiroz de Monex emphasized that the public debt will be waiting for this sexennium, because before the elections, it reaches 44.2% of GDP, 9 points more that before the 2012 elections and 14 points more than in 2006. However, they agreed that the government's reaction to control it was important at the end of the six-year period after the "coup d'etat". ear "rating agencies in 2016.
The increase in debt leaves a narrow margin to the next government, so it's expected to increase its revenues if it wants to achieve many of its election promises, "said Mariana Ramírez [19659002] The formalization of employment has increased the tax base and increased collection, it is because it reduces dependence on oil revenues, "said Janneth Quiroz.
With information from Excelsior
