Growth is showing weakness, CEESP warns

by times news cr

2024-05-09 23:27:22

The Center for Economic Studies of the Private Sector (CEESP), warned that the pace of growth is showing signs of weakness.

The specialists of the CCE They pointed out in their forecasts that the GDP was corrected downward for this and the following year by the Bank of Mexico.

In his overview of the economy, he highlighted that investment has not been enough to generate formal jobs that he needs. Mexico and there is a precariousness of employment that reflects the hiring conditions of the salary scale.

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He recognized that there are indicators that show favorable behavior, such as the evolution of workers at IMSSbut in the indicators “if the years most affected by the pandemic”, the increases that they show us in these periods would be smaller.

“However, it must be remembered that even when no figures available, It is probable
that an important part of these new registrations correspond to people who already
They had jobs and only joined the register of IMSS, so these cannot be
consider new jobs.”

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Private sector financial analysts said that one factor that may be contributing to consumption showing improvements is the significant increase of minimum wageswhich so far this six-year term has accumulated an increase of 181% which, together with the increase in the employed population, has led to an increase in the wage bill.

“However, the majority of hiring has been carried out with low salaries, a sign that signs of the precariousness of employment persist, which limits greater dynamism of consumption in the medium y long term.”

2024-05-09 23:27:22

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