Sunday, June 4, 2023

A crisis in the US or Mexico, not before 2025

President Andrés Manuel López Obrador said: To be sure, we do not foresee any economic or financial crisis, this year or next given the management of public funds. Although a loan of up to 900 billion pesos could be requested, as the previous two did, this closed financial system added.

He denied that economic and financial inequalities were due to internal factors, but the president acknowledged that he did not rule out the external economic-economic crisis that could affect us. But according to our projections, this economic-economic crisis could happen as early as 2025. And of course, we don’t want to knock on wood.

In these projections, López Obrador considered that in the event of an external economic crisis affecting Mexico, the presidential elections in the United States of America should take place at some point, because everything still needs to be done in that country to contain them; Later, for whoever wins, he can break the complex of things, he predicted.

The president added that if a crisis occurs in the United States, it will be difficult for Mexico to avoid its repercussions because of the total integration of both economies. However, his attack would be mitigated if he believed that caution was maintained in the management of public funds.

He would look forward to not being in the anticipated missions at the end of his six-year term, similar to the transition of Carlos Salinas de Gortari and Ernesto Zedillo in the transition of six years when he managed; the internal economy led to the crisis. Let us continue our economic discipline, with the severity of the plan, even if those who used to betray do not like to disperse. lauded the President of the Republic.

In addition to the opinion about the appreciation of the peso, the slowdown in growth, and the growth of employment, López Obrador highlighted the pace of the economy with the recent report on the growth of the gross domestic product, released by the National Institute of Statistics. Geography next Friday (bit.ly/3HqtT8j). At an annual rate of 3.9 percent, the activity advanced, which was above market projections.

World Nation News Desk
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