Confidence in Mexico remains, but for the country to grow between 5.0 and 6.0%, investment in infrastructure and ensuring the rule of law are required, experts at Barclays considered.
Ral Martnez-Ostos, Chairman of the Board of Directors of Barclays, affirmed that the bank’s investments in our country will be maintained in the long term since there is confidence in its economic and political stability.
Gabriel Casillas, the firm’s chief economist for Latin America, pointed out that this year the expectation is that our economy will advance 2.5%; therefore, to take advantage of nearshoring and obtain the best benefits from it, it is necessary to guarantee the rule of law.
Mexico needs two things:
“We do not believe it is a magic solution and that growth will be unleashed in Mexico; there are fundamental structural reforms to be implemented in the country in terms of the rule of law, for example, and others,” he said.
“In order for growth to be sustainable, I believe that Mexico requires two things: first, that the energy sector operate according to market logic, and second, that the rule of law be strengthened throughout the country,” Casillas said during a press conference.
For Casillas, in Mexico, the number of judges should increase since it is low compared to those in other countries. Likewise, the work of the police should be dignified, and prison operations should be improved since a third of the people who are there have not received a sentence.
The lack of an energy sector that works with market logic and that respects the rule of law are two factors that must be analyzed in depth.
