The Mexican president insisted that her government remains vigilant about the evolution of the global economy, particularly the tariff measures imposed by the United States, but reiterated that the priority will be to strengthen investment.
Mexican President Claudia Sheinbaum questioned the role of international organizations like the OECD in generating forecasts for the Mexican economy.
"It doesn't help that these organizations say, 'We expect a recession might be possible.' Maybe they should suggest what to do instead of just releasing this news that we don't yet know will actually happen," he said.
The president insisted that her government remains vigilant about the evolution of the global economy, particularly the tariff measures imposed by the United States, but reiterated that the priority will be to strengthen investments and avoid debt.
In response to the Organization for Economic Cooperation and Development's (OECD) estimates of a possible recession in the Mexican economy in 2025 and 2026, the head of the federal executive branch stated that her administration does not consider resorting to debt as a measure to address a potential adverse scenario.
"Many countries opted for debt during the economic crisis stemming from the pandemic and are still experiencing the consequences of that decision. Here, President López Obrador decided not to go into debt, to reduce spending, and with those savings, boost the economy from the bottom up. That is the project we have," said Sheinbaum Pardo.
In light of the potential impact of a trade war between the United States, the European Union, and Asia, the president highlighted the implementation of "Plan Mexico" as an economic strategy focused on attracting investment and strengthening domestic production.
"We have a plan we're working on intensively. I meet once a week to review progress, and there's a working group of various ministries to expedite any pending investment-related procedures. The goal is to stop importing and produce in Mexico through various means," he explained.
“And on the other hand, we have to wait until April 2nd to see how the tariff issue will play out for Mexico. There's a lot of communication between Secretary Ebrard and US Secretary of Commerce Lutnick; and significant work is underway between the Ministry of Finance and the Treasury, although we have to wait for the US government's decision,” said the Mexican president.
