The president of Mexico, Andres Manuel Lopez Obradorestimated on Sunday that the local economy will grow at least 3.5% in 2022 and that it will repeat the same course in the next two years.
The Gross domestic product (GDP) grew slightly below estimates in the third quarter, given a slowdown in all its components, mainly industrial activity, which exports most of its production to the United States.
The result, according to analysts, supported the forecast that GDP will grow by 2.7% throughout the year. The country is in the dilemma of continuing to increase its key rate to attack high inflation -the highest in more than two decades-, although this could slow down economic activity.
“The economy, this year, will increase by 3.5% and that same percentage, I estimate, at least for 2023 and 2024,” said the president during a speech for his fourth year in office in the Zócalo of Mexico City, after a march mass along the main avenues of the capital.
Organizations such as the International Monetary Fund (IMF) estimate that the Mexican economy will slow down its growth next year and could close at 1.2%.
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