The Organization for Economic Cooperation and Development (OECD) reported that Mexico is among the countries with less economic growth within the members of the G-20, together with France and Italy.
The Group of Twenty (G-20) is, according to the Government of Mexicothe main forum for macroeconomic policy coordination among the world’s major economies.
In addition to Mexico, France and Italyother countries such as Canada, Germany and the United States participate, which represent around 90% of the world economy, in addition to the 80% of international trade.
Mexico, France and Italy among G-20 countries with the lowest economic growth: OECD
The OECD shared the growth of the Gross Domestic Product (GDP) of the countries that make up the G-20, including Mexiconoting that it remains stable in the Second quarter (April-June) of 2024.
However, Mexico was among the countries with the least progress with 0.2% in line with its graph, although it also had an increase compared to the first quarter of 2024 (January to March), since it was 0.1%, that is, one tenth.
Next to Mexicoamong the G-20 countries with the lowest GDP growth France, Italy and Australia were there with the same percentage:
- Türkiye: 0.1%, a wide difference compared to the first quarter of 1.4%
- Australia: 0.2% but remained unchanged compared to the first period
- Italia: 0.2%
- France: 0.2%
For their part, the G-20 countries that showed a decline in their GDP were:
- Germany with -0.1%, while in the first half it had 0.2%
- South Korea: -0.2%, after having a growth of 1.3%
In contrast to the Mexico’s economic growththere were several G-20 countries which showed an increase in GDP for the second quarter of 2024:
- Brazil: 1.4%, while in the first quarter its growth was 1.0%
- United States: 0.7% > 0.4%
- Japan: 0.7% > -0.6%
- Canada: 0.5% > 0.4%
- South Africa: 0.4% > 0.0
OECD fails Mexico in education but recognizes it among the 5 G-20 countries with the lowest unemployment
In addition to sharing the Mexico’s GDP growth, OECD He noted that in addition to the economic slowdown, public spending on education has decreased.
According to the OECD data, Mexico invest less than 10 thousand dollars compared to the rest of the countries that comprise it, which have increased this figure, with around 14 thousand 209 dollars per student.
However, Mexico invests nearly 3,513 dollars per student annually, varying according to the educational level, equivalent to 4.2% of its GDP, compared to 4.9% allocated by the rest of the countries.
On the other hand, he stressed that Mexico maintains its unemployment rate at 2.7% (comparison of June and July 2024), being one of the lowest among the countries that make up the G-20along with South Korea and Japan.
2024-09-13 12:32:31