Inspenet, May 27, 2023
President Andrés Manuel López Obrador (AMLO) highlighted 4 good news regarding the economy, the first of which is that the Mexican economy grew 3.7 percent annually in real terms during the first quarter of 2023, according to data published by the National Institute of Statistics and Geography (INEGI).
“It is good news that today the INEGI announces the economic growth data and increases 3.7 percent annual average; our economy is growing,” AMLO said on Friday.
In a morning press conference, he referred to the qualities of the national economic panorama, and stressed that the second piece of news is the constant drop in inflation thanks to the Opening Agreement Against Inflation and High Costs (Apecic) and the subsidy for the prices of fuels for the benefit of the popular economy.
“Inflation is going down, it is already at 6 percent, this is very important, because it is going down in energy, the prices of gasoline, diesel, gas, and electricity are being sustained, and food prices are already falling. because we did end up with high inflation after the war in Russia and Ukraine; We are going to continue taking care so that inflation continues to drop,” he explained.
The third important piece of news is the strengthening of the Mexican peso against the US dollar, he highlighted that it is the most appreciated currency in the world in relation to the dollar.
In this sense, he recalled that Mexico is the second country with the lowest unemployment rate internationally, which represents the fourth positive news for the country.
AMLO highlights oil agreement and record production for Mexico: 180 thousand barrels per day!
President López Obrador highlighted the agreement between Grupo Carso, owned by Mexican businessman Carlos Slim, with the firm Talos Energy for the Zama oil field, on the Tabasco coast, which will guarantee a medium-term production of up to 180,000 barrels of oil per day crude with the best price in the international market.
“It is a deposit that was delivered in the so-called rounds in the previous government and next to it -you see the luck that always counts- there is a national deposit that did not enter the round for concessions to individuals and when the works of exploration, it was found that the deposit of the nation is greater and they are together”, he explained.
“When this happens, the one that operates the joint field is the one with the most potential, in this case, the one with the most oil. So, in the public-private partnership, Pemex will have more than 50 percent, 50 plus one,” added AMLO.
Source : https://www.capital21.cdmx.gob.mx/noticias/?p=41965
Photo : Freepik
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