Mexico City /
The public investment in the second quarter of the year it contracted 5.2 percentaccording to the National Institute of Statistics and Geography (INEGI)so the Center for Economic Studies of the Private Sector (Ceesp) He stressed that this does not stimulate the private capital because there is not enough money flowing in basic infrastructure.
“The report of the Inegi points out that in the second quarter of the year the investment total grew 0.4 percentan advance that responded entirely to the rise in 1.5 percent in the private investment. This means that companies maintain their levels of investment to continue operating normally, although with no signs of increased resource allocation in the face of limited incentives,” it said in its weekly report.
He recalled that the investmentwhich is the main driver of growth, shows a rapid weakening, which seems to respond to the environment of high uncertainty due to issues policies and the acute atmosphere of insecurity prevailing in the country.
“This certainly puts at risk the opportunity to take advantage of the process of relocation which, although for years now Mexico has been an attractive point for the installation of foreign companiesthe recent opportunity in this area, which has strengthened significantly over the past five years, could be put at risk,” he noted.
As for the insecurityexplained that although attention was focused on the presidential change, the levels of insecurity grow with impunitysince during September there were registered 75.3 intentional homicides per day.
He stressed that minimizing the problems of insecurity, impunity and delinquency “They only fuel uncertainty and concern after the approval of the Judicial Reformwhich could apparently limit the application of a effective justice.
“With a judicial system weakened and unprepared, it is very likely that the levels of insecurity and impunity are strengthened to the detriment of the population and productive activity, as is recently seen in the north of the country, especially in Sinaloawhere it seems that crime has practically taken control thanks to the government’s permissive policy of hugs and not bullets,” he said.
The most recent results from Inegi show that in the second quarter of the year the Gross Domestic Product (GDP) grew up 0.2 percenta percentage that, “although marginally exceeds the previous figure of 0.1 percent, shows no sign of improvement in the coming quarters.”
