Mexico is experiencing a positive economic outlook with both internal and external factors contributing to its growth. According to Jean Marc Mercier, the general director of Grupo Financiero Invex, the country’s economic activity continues to be in a positive moment. Despite the upcoming elections, which are not a major concern, the market’s reaction to the results will need to be closely monitored.
Under President Andrés Manuel López Obrador, Mexico has maintained social and economic stability. Looking ahead, the country will need to focus on issues related to the rule of law and addressing security challenges in certain regions. Despite the upcoming change in administration, the economic environment for 2024 is expected to remain favorable.
The banking sector in Mexico has been profitable, reflecting the overall health of the economy. Banks are well capitalized and poised for growth in the coming years. The profitability of the banking system is a key driver of economic growth, investment, and support for the country’s economy.
As businesses and banks continue their operations in Mexico, they must prioritize maintaining social and economic stability while upholding the rule of law. Improving security measures will create more opportunities for growth, prosperity, and job creation in Mexico.
