MEXICO CITY (Reuters) – Mexican President Andrés Manuel López Obrador said on Friday that he expects the Mexican economy to reach pre-pandemic levels by the third quarter, after gross domestic product contracted around 8.5% last year. due to the consequences of the coronavirus. .
“Without a doubt, by the third quarter of this year we will already be (at the levels) that we had before the pandemic,” López Obrador said at a press conference.
Mexico’s economy grew 24.8% in May compared to the same month last year as recovery from a coronavirus pandemic-induced recession accelerated, a preliminary estimate released by the agency showed Thursday. national statistics INEGI.
If the preliminary estimate is confirmed, May activity was only 0.4% below the level reached in February 2020, the last full month before pandemic-related restrictions began to affect the economy, according to an index. compiled by INEGI.
Goldman Sachs (NYSE 🙂 economist Alberto Ramos predicted that Mexico’s GDP would consolidate at 6.0% in 2021, “with a risk biased towards a higher impression.”
Ramos based his forecast on the strong performance of the economy in the fourth quarter, further expansion in the first quarter, and expectations of “gradual but steady progress on the COVID vaccination front and strong external demand for the remainder of 2021. “.
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