The average rise in GDP is 1.8% lower than the goal

In 10 years, the economic growth of Mexico It has been framed by two global crises.

Productive activity and financial markets recovered in 2011 from a global financial crisis, which erupted in 2009, and this year the dynamism once again presented a slowed down phase after the spread of the pandemic from Covid- 19 around the world, which began in 2020.

The value of production rose 14%, going from 15.27 billion pesos (bdp) (first quarter of 2011) to 17.97 bdp in the second quarter of 2021, despite the average growth for the period turned out to be only 1.80%, below the the government’s goal.

Structural reforms have been on the table for discussion of the Executives as a determining factor of growth, while capital and portfolio investors refer to the lack of the rule of law, which limits their participation in the country’s productive activity.

During the administration of Enrique Peña Nieto, 9 structural reforms were authorized (labor, economic competition, education, telecommunications, finance, finance and energy, among the most notable).


Infographic: Juan Ángel Espinosa

In particular, energy has been controversial in the current administration due to the cancellation of contracts and the promotion of fossil fuels when there are international agreements to increase clean energies and a proposal for their replacement.

Growth has also been limited by the cancellation of long-term projects, such as the New CDMX Airport, generating uncertainty among investors.


Infographic: Juan Ángel Espinosa

LEG

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