The Government of Mexico announced that the country’s economy maintains stable growth, compared to other member countries of the Organization for Economic Cooperation and Development (OECD), such as Germany, Italy, Japan or the United States, among other nations.
Government projects that the Colombian economy would grow 1.3% and inflation of 7.2% in 2023
The economic calculations were revised downward if one takes into account that last August’s projections were for growth in the gross domestic product (GDP) of 1.8% and inflation of 9.9%.
Through Twitter, the official account of the Mexican Government indicated that while the large economies “lose momentum”, Mexico was located in November 2022 at 100.6 points, being second highest of all the countries of the organization, being surpassed only by Ireland (with 101.4 points), but above the average which was 98.3.
“While the large economies lose momentum, Mexico’s maintains stable growth for the coming months according to the index of the main composite indicators of the Organization for Economic Cooperation and Development, #OECDonce in November 2022 it was located at 100.6 points ”, reads the social network.
The statement highlighted Germany, Italy, Japan, USA, France, Canada Y United Kingdom as the States that had a lower growth than Mexico.
Colombia ranked 14th in economic progress during 2022
In the ranking there are also Latin American countries such as Mexico in fourth place and Chile that obtained the 23rd place
For its part, it was in the last document of Economic Perspectives for Mexico, issued by the OECD in November 2022, where strong growth was detailed in the first three quarters of the year. However, a slowdown in the growth of the Gross Domestic Product was speculated (GDP) real from 2.5% in 2022 to 1.6% in 2023.
However, GDP will pick up in 2024 to 2.1%, while inflation (which at the moment exceeds 10 percentage points, according to the Bank of Mexico), in 2023 —it is speculated— it will decrease to 5.7%, while at the end of the six-year term it will be at 3.3 percent.
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In addition, said document recognized Mexico’s fiscal policy as favorable, which was classified as “prudent” in the face of rising inflation.
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