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With liabilities of $106 billion, about 5.9% of the Mexico’s GDP, Pemex It is the most indebted oil company in the world, the Economic Commission for Latin America and the Caribbean (ECOSOC) said. Latin America y the Caribbean.
According to data from the Economic Study 2024, ECLAC highlighted that the agency Moody’s downgraded the rating of Pemex from B1 to B3, which indicates a worse credit quality and also places the state-owned company on the verge of becoming a “high-risk speculation”.
The study indicated that only Argentina surpasses Mexico as the two worst economies in the region between 2019 and 2024, which is the beginning of this administration. Andres Manuel Lopez Obrador.
According to the study, our country grew at an annual expansion rate of only 0.98%, the lowest since the six-year term of Miguel de la Madrid which occurred between 1983 and 1988.
Our country, reported Cepal, had a growth of 5.9% during the last six years, which places us as the last economy with the worst performance in Latin America.
In the economic outlook for Mexico, Cepal He estimated that during 2024 Mexico will be able to grow only 1.9% and by 2025 only 1.5%, mainly due to the slowdown in the United States, especially in its manufacturing sector, and the slowdown in consumption and investment in the country itself.
He explained that there are factors that can modify the estimate downwards or upwards, associated with the pace of the global economic activity, the attraction of national and foreign investment and the international availability of inputs for production.
As indicated by Treasury in the General Criteria of Economic Policy By 2024, the fiscal deficit of the non-financial public sector would reach 5% of GDP, with public sector financial requirements of 5.9% of GDP (with a primary balance of -1.2% of GDP), the highest since 1990, attributable mainly to the financing of the current Government’s flagship public works.
The deficit, he said, would be equivalent to 1% of GDP, according to the estimate of lower exports and higher imports.
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2024-08-17 18:37:30