‘Stagflation’, the evil afflicting the Mexican economy

‘Stagflation’, the evil afflicting the Mexican economy

Mexico City (Operation). The Mexican economy is not only stagnant, it is contracting, because it has not recovered – and will not recover this year and maybe not next year – GDP of 2018.

This is determined by data and forecasts from the Economic Commission for Latin America and the Caribbean (ECLAC), according to which in the first four years of the government of President Andres Manuel Lopez Obrador (2019-2022) Mexico’s GDP will have accumulated a decrease of -1.9% .

Inflation, according to the International Monetary Fund, will reach 6.8%. By more than one point above the Ministry of Finance’s forecast, it will be the highest point in the last 22 years.

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