The change of government will take place next Tuesday, October 1, day on which Claudia Sheinbaum Pardo will take office as the first female president of Mexico.
However, Mexico has experienced different political tensions internally, such as the increase in violence rates in Sinaloa or the controversial reform of the Judiciary. In addition, there is the pause in López Obrador’s relationship with the United States ambassador Ken Salazar and the United States elections.
These factors have meant that Mexico is not seen as the best option to invest, In addition, inflation has done its thing by increasing the price of basic products for everyday life.
Price of the peso against the dollar after the change of government and investments
With its closing date set for September 23, the peso has shown great volatility against the dollar, maintaining a price between 19 and 20 pesos in August and September.when at the beginning of the year the peso had a record of approximately 17 pesos.
LEE: Superpeso achieves slight recovery in today’s price
This volatility has been directly affected by modifications to the constitution, which could affect the USMCA negotiations and the United States presidential elections.
According to the American Chamber Mexico (Amcham), the status of upcoming investments remains on hold among analysts and investors due to the approval of the reform of the Judicial Branch.
Variations in the Gross Domestic Product
According to the Institute of International Finance (IIF), this year’s Gross Domestic Product (GDP) is 1.3%, that is, a greater slowdown if compared to the 2.3% considered at the end of last May.
While by 2025, the IIF, which serves as the global association of the most important financial institutions, estimated that a slight recovery is expected with an advance of 1.5%.
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The economic outlook for 2025 will depend on geopolitical stability and technological progress.
Economic growth according to Inegi
According to the National Institute of Statistics and Geography (Inegi) through the Global Indicator of Economic Activity (IGAE), In August 2024, the Mexican economy had a monthly advance of 0.3%, after correcting its expectation for July from -0.1% to 0.1%.
The country’s productive activity advanced, so it was reported in August that the industry had an estimated monthly increase of 0.3%, after an advance of 0.2% in July.
In addition to the fact that the services sector showed a growth of 0.4% in the eighth month of the year, after an estimated decline of 0.1% in the previous month.
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