/
From 2023 to June of this year the Ministry of Economy detected investment announcements in Mexico for 156,208 million dollars; However, this amount does not materialize due to the caution that persists among investors, indicated the Center for Economic Studies of the Private Sector (Ceesp).
In his weekly analysis he detailed that even though the country maintains an attractive investment, past announcements do not show notable effects in Mexico.
The institution’s comments derive from the president’s last meeting Claudia Sheinbaum with businessmen from the United States and Mexico, as part of the CEO-Dialogue.
The Ceesp added that factors such as the downward forecasts of the national economy by organizations such as the International Monetary Fund (IMF), have reduced the investment outlook within the country.
Likewise, the functioning of the economy with a judicial system elected by citizens, the disappearance of autonomous and regulatory organizations, generates that the scenario for making investments in the country becomes complicated.
“It is clear that in addition to meetings with national and international businessmen and support commitments, it is essential to have, first of all, the conditions that not only increase the attractiveness of investing in the country, but also make it practically a necessity for the interested countries,” commented the Ceesp.
The organization pointed out that one of the responsibilities of the new government will fall on its ability to create the ideal environment in which the rule of law predominates, clear rules of the game for all participants.
In addition to strengthening confidence for those who wish to invest in the productive activity of Mexico.
“As long as there are no clear and palpable results in this regard, investment levels will continue to be lower than what is required to achieve high and sustained growth rates,” the agency added.
Nervousness about the T-MEC due to US elections
Another topic of analysis by Ceesp is the increase in nervousness regarding the possible hardening of the United States’ position in the renegotiation of the T-MEC, regardless of who wins the next elections in that country.
It was detailed that the most sensitive variable in this context has been the exchange rate, which since the electoral process has increased the nervousness that has led to a depreciation of 17 percent since that process until now.
Likewise, the Stock Market index is another indicator that reflects levels of uncertainty, showing ups and downs, with a behavior that shows a downward trend.
