Government of Mexico denies being in "technical recession" as Citi financial group claims

If Mexico is the country where poverty was most reduced in Latin America between 2018 and 2023, according to a World Bank report – published yesterday by La Jornada – it means that the “development with well-being” model works, said President Claudia Sheinbaum. She stressed that this result is based on two factors: wage policy (associated with the disappearance of outsourcing) and the emphasis on social investment with a sustained increase in re…

It is an indicator used to measure a prolonged economic slowdown, although it does not necessarily involve a severe crisis

Mexico City, 24 Apr (EFE).- Mexico’s president, Claudia Sheinbaum, denied Thursday that the Mexican economy is in a “technical recession” motivated by the commercial uncertainty of the United States, as warned by the US financial group Citi after estimating two consecutive quarters of contraction. “No, it is not corroborated (the technical recession), because we have a plan and there is public, private investment, and employment is fine, there a…

Mexico’s economic activity grew in February at its highest pace in almost two years, surpassing market expectations and challenging forecasts that Latin America’s second largest economy could have fallen into a technical recession in the first quarter of the year. The Global Economic Activity Indicator (IGAE) expanded 1% against the previous month, a rate not seen since April 2023, according to official seasonally adjusted figures released on Fr…

On March 20, in the “morning of the people”, President Claudia Sheinbaum mentioned that Mexico was in the tenth place of the happiest countries in the world. This, according to her words, shows that “the people of Mexico are the best in our country, but they are also empowered, aware.” This place is taken from the World Happiness Report, a global survey in which more than 100,000 people from 140 countries participate [1]. A few days before this …

Given the forecasts of some financial institutions reporting a slight “technical recession” in Mexico this morning, President Claudia Sheinbaum Pardo denied the possibility that the Mexican economy would enter a period of recession. On the contrary, she said that there is strength in the Mexican economy, in front of the tariff scenario generated by the government [...] El cargo Niega Sheinbaum “technical recession”, highlights economic solidity …