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CITY OF MEXICO.- The Mexican economy will face the presidential election in a scenario of macroeconomic strength.
According to the Bank of Mexico, the country's international reserves amounted to $ 173 billion before the elections, with data exceeding $ 156 billion six years ago and $ 77 billion in 2006.
In addition, Flexible line of credit with the International Monetary Fund, of $ 88 billion, is greater than $ 71 billion 2012. This instrument was not available for 12 years.
Mariana Ramírez, deputy director of economic strategy at BX +, and Janneth Quiroz, deputy director of economic analysis at Monex, agreed that resources available for the country speak of the level of confidence in economic stability of the country
Other factors of strength have distinguished themselves, such as sustained growth of 2.3% per annum and an unemployment rate of 3.2% in May.
ECONOMY, STRONG BEFORE THE ELECTIONS
With enough "park" to cope with external shocks, the Mexican economy will face the presidential election with macroeconomic strength.
Data from the Bank of Mexico indicate that the country's international reserves reached $ 173 billion before the July 1 elections, more than $ 156 billion 6 years ago and $ 77 billion in 2006.
To this must be added the flexible credit line with the International Monetary Fund, which with 88 billion dollars, is greater than 71 billion in 2012, while 12 years ago, this instrument n & # 39; 39, was not available.
According to Mariana Ramírez, deputy director of economic strategy at BX +, and Janneth Quiroz, deputy director of economic analysis at Monex, agreed that the resources available for the country speak of their level of confidence in the economic stability of the country.
Having a flexible exchange rate allows it to absorb external shocks and prevent it from affecting other variables. Although we observe a depreciation, it is not necessarily negative, because in addition to protecting the economy, it also increases the competitiveness of the country, "said Mariana Ramírez.
" We have consolidated a instrument such as flexible credit line shocks. To give it a signal of stability to the world, and not to use it gives us more strength, "explains Janneth Quiroz
GROWTH
For scholars, these fundamentals have allowed the 39 Mexican economy to stay afloat to the multiple external factors that threaten it, whose growth is today 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". over 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 work. there are more, which has influenced the recent slowdown, "said Janneth Quiroz of Monex. EMPLOYMENT
With regard to the labor market which, before the elections, had an unemployment rate of 3.2% of the economically active population, lower than the 4.8% recorded in 2012 and similar to those of 2006 C is another factor of strength in the Mexican economy.
"The progression of formal employment over the sexennium has been remarkable, which is due to the formalization of jobs before the informal and the generation of others.The big challenge is still the issue of salaries, since most new positions are in the low income brackets, "said Mariana Ramírez.
"The data on employment show some strength of the domestic market, which has been a mainstay" Janneth Quiroz
Mariana Ramírez of BX + and Janneth Quiroz of Monex pointed out that the public debt would be exceptional for this sexennium, since before the election 44.2% of GDP, 9 points more than before the 2012 elections and 14 points more than in 2006. However, they agreed that the government's reaction to control it was significant at the end of the sexenio after the "earning" rating agencies in 2016.
"The increase in debt leaves a narrow margin for the next government, so it's expected to increase its revenues if it wants to achieve many of its election promises, "said Mariana Ramírez. 013]" The formalization of employment has increased the tax base and has increased collection, which is positive because it reduces the dependence on income p tankers, "said Quiroz Janneth. [ad_2]
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