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CITY OF MEXICO.- The Mexican economy faces the presidential election in a scenario of macroeconomic strength.
According to the Bank of Mexico, the country's international reserves rose to $ 173 billion before the elections, with data exceeding $ 156 billion six years ago and $ 77 billion 2006.
In addition, Flexible credit with the International Monetary Fund, of $ 88 billion, is greater than $ 71 billion 2012. This instrument was not available for 12 years.
Mariana Ramrez, deputy director of BX + Economic Strategy, and Janneth Quiroz, deputy director of Monex's economic analysis, agreed that the country's resources speak of the level of confidence in the country's economic stability [19659002Otherstrengthsstoodoutsuchassustainedgrowthof23%perannumandanunemploymentrateof32%inMay
THE ECONOMY, STRONG BEFORE THE ELECTIONS
With "a sufficient supply to cope with external shocks, the Mexican economy faces the presidential election with macroeconomic strength."
The data of the Bank of Mexico indicates that the international reserves of the country reach 173 billion dollars before the elections of 1 of July, more than 156 billion dollars 6 years ago and 77 billion dollars.
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, it n & # 39; He did not have this instrument.
According to Mariana Ramrez, deputy director of economic strategy for BX +, and Janneth Quiroz, deputy director of economic analysis at Monex, agreed that resources available for the country speak of their level of confidence in the economic stability of the country.
The flexible exchange rate allows it to absorb external shocks and prevent other variables from being affected. 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, says Mariana Ramrez. "We have consolidated an instrument such as the flexible credit line, a kind of insurance against shocks, giving a signal of stability to the world and not using it gives us more strength, explains Janneth Quiroz
GROWTH
For specialists, these fundamentals have allowed the Mexican economy to remain afloat, to the multiple external factors that threaten it, whose growth is today of 2.3% per year, according to data from INEGI, although this rate is more moderate than in previous years (3.7% in 2012 and 4.6% in 2006) ", according to Mariana Ramrez, analyst at BX +, the benefit has been more sustained and steady than in the previous six years.
"The uncertainty caused by NAFTA has reduced investment and led to second-order effects such as already existing jobs. they do not arrive, Janneth Quiroz de Monex
EMPLOYMENT
In the labor market which, before the elections, recorded an unemployment rate of 3.2% of the economically active population, 4 , 8% recorded in 2012 and at levels similar to those of 2006, the experts felt that it was another factor of strength of the Mexican economy
" The advance of formal employment in the sexennium has been remarkable: jobs before the informal and the generation of others.The big challenge remains the issue of wages, since most new jobs are in Low income ranges, said Mariana Ramrez
"The data on employment show some strength of the domestic market, which has been a mainstay for maintaining consumption," said Janneth Quiroz.
FINANCE OF THE SANCTION
Mariana Ramrez of BX + and Janneth Quiroz of Monex pointed out that the public debt is outstanding this sexennium, because before the elections is at 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 important at the end of the six-year period after the "ear of the 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 Ramrez [19659022] "The formalization of employment has increased the ba It is taxable and has increased revenue, which is positive because it reduces dependence on oil revenues, said Janneth Quiroz.
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