Mexico | With adequate policies, Mexico can grow much more in the medium term

Summary

In my most recent column I explained why I think 2023 will be worse than 2022 in terms of Mexico's economic growth: The slowdown that the US economy will experience, the more restrictive monetary policy and the possible deterioration of real wages due to the high inflation.

Key points

• Key points:
• The prospects for the Mexican economy in the medium term could be very good and the country could grow at rates significantly higher than those observed in recent decades.
• This is because we are at a unique juncture to be able to attract foreign direct investment and gain market share in the United States and eventually in other regions of the world.
• In the first place, due to the phenomenon of relocation or nearshoring, which means that US companies want to reduce the concentration of their supply chains in China.

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