Treasury: a comprehensive reopening of the economy, between September and December

Abigail Brewer 3 years ago 2 min read

Gabriel Yorio, Undersecretary **hacienda**He said there will be **Reopen** sum **Economie** Between September and December. Photo: quartoscuro.

Gabriel Yorio, Undersecretary hacienda and Public Credit (SHCP), reported that Economie Mexican will be the total Reopen Between September and December 2021, driven by several factors, among them the vaccination against Coronavirus (COVID-19).

Today in the economic forecast board in Tweet embed, I talked about the challenges of economic recovery. Our models indicate that #mexico It will grow by about 6.5% this year and the recovery from pre-pandemic levels will be earlier than expected. pic.twitter.com/rEVf7eMEeN

– Gabriel Yorio (@GabrielYorio) May 31, 2021

At a conference before the Organization for Economic Cooperation and Development (OECD), Undersecretary hacienda made clear that Reopen from Economie It will reach the point where it expects an expansion of 5% of GDP in 2021 and 3.2% in 2022.

Manufactures exports will support growth Economie, which will benefit from the recovery and policy support in the United States. Private consumption will recover gradually, with the help of remittances and distribution of (COVID-19) vaccines”.

Reopen slowly but surely

Inflation will drop ‘slightly’ after picking up in the first half of 2021
He acknowledged the widening poverty, inequality and gender gaps

hacienda Highlight it, for Reopen from EconomieAdvancing COVID-19 vaccination and training programs for formal and informal workers is essential. In another arrangement, he said, “early education” is necessary to facilitate “women’s participation in work” in Mexico.

“to achieve (Reopen y) A stronger recovery, it will be necessary to boost private investment, by reducing regulatory burdens and uncertainty about private sector participation in key sectors. The vaccination is officially expected to end in the first quarter of 2022.”.

Perspectives Economie

Currently, the Organization for Economic Cooperation and Development added in its theoretical report issued on social networks, that Reopen from EconomieThe Undersecretary contacted her hacienda, mainly driven by external demand, industrial exports and the recovery of the United States.

Experts suggest that Mexico diversified EconomieAnd stop relying so much on America’s economic health

finally, hacienda He emphasized that the financial sector has the backing of lines of credit and ample liquidity, and this is now, along with the progressive Reopen from Economie, the authorities should stimulate access to financial services, as one of the main “priorities” of the government.