Summary
The video discusses Mexico's upcoming mid-term elections amid an economic recovery process. Key economic indicators show positive trends, with GDP surpassing predictions and consumer confidence on the rise. Despite challenges like inflation and decreased foreign investment, Mexico remains an attractive destination for investors with improving trade balances.
Recovery Process in Mexico
Mexico will encounter mid-term elections with 15 gubernatorial renewals in the Chamber of Deputies and various local congresses at stake during the economic recovery process.
Economic Evolution Signals in 2021
Signals in 2021 indicate the evolving economy after the crisis impact, showcasing indicators of economic direction.
Economic Indicators
Understanding the economy's evolution through indicators that show its direction and status in the country.
GDP Performance
The GDP rose 0.8% in the first quarter of the year compared to the predicted 0.3% by the Bank of Mexico, exceeding the 5.3% expected by the Ministry of Finance.
Consumer Confidence
Consumer confidence dipped during the pandemic but showed optimism with the confidence index rising to 7 units in May, above the 42.5 recorded at the crisis onset.
Inflation Phenomenon
Inflation was initially considered temporary; however, analysts foresee it remaining high, impacted by mobility restrictions but with stable consumption levels in April.
Job Creation and Consumption
The formal job market saw 1751 new positions in a year marking a positive trend with increased consumption seen in retail data.
Foreign Investment and Trade
Foreign investment decreased by 29.2% in the first quarter as Mexico remains a key destination for foreign investors. The trade balance improved with a 2.6% annual increase, reaching $40,772 million.
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