Mexico City. In light of the fall in stock markets around the world on Monday, the virtual president-elect, Claudia Sheinbaum, said that “we are preparing for any scenario,” and stressed that in the face of possible global economic impacts, “today we are in a better position to face it, there are international reserves, we are not in any other condition,” thanks to the fact that the Mexican economy “is solid and strong, with healthy finances.”
After meeting for several hours with governors of the northwest region, with whom she discussed various infrastructure projects for the coming years, the future president called for not getting ahead of herself, given speculation that the United States could enter an economic recession, after negative employment data in the United States was released last Friday.
“Let’s not get ahead of ourselves yet, we will wait for the impact of what happened now. The elections in the United States are also coming in November, so we cannot say that there is already a recession or that a recession is coming. We are prepared and we are preparing for any scenario. We are working very responsibly with the Secretary of the Treasury… and we will continue to strengthen our economy and our internal market,” he said at a press conference on Monday.
In response to various questions about her economic forecasts in the face of the fall of the stock markets around the world, Sheinbaum Pardo insisted that it is a phenomenon that “is something that happened in three days, I think we can classify it as a crisis or something like that, I think we have to wait like in everything, and at the same time prepare for any scenario.”
Despite the fact that there are international economic conditions affecting the country, he stressed that “today we are in a better position to face it, there are international reserves, that is, we are not in any other position.”
At the same time, he indicated that during the current administration, debt contracting has been lower than in previous governments and at the same time the external debt has been reduced, which has strengthened the national economy.
“Our adversaries will never accept it, they will always say that neoliberalism was better than Mexican humanism. It is not true. So much so that the results of the president’s (López Obrador) economic model are recognized internationally, that during the pandemic we did not go into debt as all the adversaries demanded.
Regardless of the global economic integration that all nations have, as well as the impact that this may have on Mexico, he stressed that the Mexican domestic market is strengthened by public works and private investment.
As an example of this, he referred to the latest data released by the IMSS, which indicates a growth of 12 thousand jobs.
Among the measures he anticipated could keep the economy afloat during his administration, he included the various public works projects he has planned for his administration, with which he projects that job creation will continue.
“A fundamental part is to maintain employment in the country, so, to maintain employment, public works and private investment are obviously required.”
He outlined that with the completion of the railway projects in the southeast, the new railway routes from Mexico City to Nuevo Laredo, Mexico City to Guadalajara and continuing to Nogales will be achieved. “This will represent an investment that we have included in the budget but it generates employment, which is essential.” He also included with this same objective the housing program that he has anticipated for his administration, to build at least 100 or 150 thousand homes next year.
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– 2024-08-05 22:57:57
