President Andrés Manuel López Obrador estimated that the presidential election period in the United States would have a negative impact on the economy of that country, although he ruled out effects related to that event for the Mexican economy.
“We do not rule out that there may be an external economic or financial crisis that could impact us, but according to our predictions, this economic crisis could occur as of 202 (…) Here there would be no economic crisis because we have a strong economy, financial solid public policies, we are going to continue with our economic discipline, with the austerity plan,” said López Obrador.
When carrying out an economic balance of his administration, López Obrador assured that no financial crisis is observed in 2023 or 2024 and ruled out that a crisis such as those that occurred in changes of past administrations could occur in the future.
According to World Bank estimates, in Mexico the Real Gross Domestic Product is expected to grow by 0.9% throughout this year and by 2.3% by 2024; this is based on global growth rates calculated using GDP weights at average prices for the period 2010-19 and market exchange rates.
