The specialist explained that nearshoring creates long-term export opportunities, considering the slow growth of the US economy expected for this year.
“It does not mean that in the short term it will grow. There are sectors that have good potential for exports, surely the automotive sector that is already key, but with the management of electric vehicles it should receive a lot of investment; electronics should continue to grow in the coming years looking at the American market”, said the Coface executive.
He considered that a growth of the Mexican economy could be expected little to greater than 1.2% this year.
For Mexico, Coface maintains the forecast for growth in agricultural production in 2023, despite the drought that is registered in 48.6% of the municipalities.