During a forum hosted by the Atlantic Council in Washington, Secretary of Finance Rogelio Ramírez de la O highlighted the sensitivity of Mexico’s economy to global issues such as the recent conflict in the Middle East. He pointed out that Mexico has one of the most open economies in Latin America, with exports accounting for nearly 35% of GDP, making it highly vulnerable to external disruptions.
Ramírez de la O emphasized that President Andrés Manuel López Obrador’s government is focused on building “an economy for the Mexican people,” but global events have a direct impact on the country and its ability to address challenges. He underscored the importance of Mexico’s political response in the face of unexpected and unprecedented global problems.
The secretary stressed that Mexico is closely monitoring developments in the world market and global risks, and remains receptive to the changing dynamics of the global economy. He emphasized the need for a proactive approach to addressing economic challenges and ensuring stability in the face of external pressures.
Overall, Ramírez de la O’s remarks underscored how interconnected economies are globally, and Mexico’s position as a key player in navigating complex geopolitical issues. The government’s commitment to building a resilient economy that serves its people while maintaining openness to the world market reflects a strategic approach to addressing global challenges.
