Factors against such as inflationthe possible US recession and the lack of certainty for the investment private sector will cause a slowdown in the GDP (gross domestic product) in Mexico during 2023, so the industrial of New Lion they expect the country’s economy to grow by just around 1%.
This Thursday, Rodrigo Fernández, president of the Chamber of the Transformation Industry (Caintra) of New Lionshared that during 2022 the economic activity It was higher than expected, mainly for the entity, thanks to the dynamism of the United States and the control of the covid-19 pandemic.
For 2022 our growth expectation is that Mexico’s GDP will increase by 2.7%, while that of Nuevo León would exceed this figure with more than 3%”,
Indian.
He explained that the national manufacturing sector would have an increase of 4% at the end of the year, while in the state it would be very close to 5%.
The business sector in 2022 has generated more than one million formal jobs, Nuevo León contributing 10% of them, making it the fourth with the most jobs generated, only behind Mexico City, Jalisco and the State of Mexico.
However, the industrial of New Lion They are not so optimistic for the outlook for 2023.
We expect a slowdown in GDP due to external and internal factors that prevent a broader development of economic activity. We can mention high inflation, the increase in interest rates, the possible recession in the United States or the lack of certainty to increase private investment.
Fernandez shared.
He mentioned that inflation has not only impacted the purchasing power of consumers but has disrupted the production chains in different sectors.
The industrial sector will continue to face rising costs during 2023, where we expect general inflation of 5%, still above the Central Bank’s target,”
detailed.
He stressed that the factors against it will cause the country’s economy to grow around 1% in 2023.
Nuevo León would not be exempt from this lower activity, growing only 1.5%, while the industry would grow 2.5%”,
pointed.
This economic slowdown would cause a reduction in jobs and only 400,000 additional formal jobs would be generated for the coming year.
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