Mexico, Mar 19 (Notimex).- The Mexican Institute of Finance Executives (IMEF, for its acronym in Spanish) ruled out a recessionary scenario for the Mexican economy, despite the low dynamism typically presented by economic activity in the first year of each government.
The national president of the IMEF, Fernando Lopez Macari, said that for the second consecutive month, the organism maintained in 1.50 percent its expectation of growth for the economy in 2019, although it reduced to 1.80 percent its estimate for 2020, from previous 1.95 percent.
Like President Andrés Manuel López Obrador, he said that the IMEF does not anticipate a recession scenario for the Mexican economy either, as there is a positive growth scenario for this year, although the current conditions in the national and international environment suggest an economic slowdown.
He recalled that the first year of government is typically a year of low economic dynamism, to which are added domestic and international situations, such as the slowdown of the US economy, the China-US trade war or the departure of the United Kingdom from the Union European or Brexit.
These factors show that not only in Mexico has the economy slowed down, but also at the international level, but in the IMEF "we do not see at this moment a scenario of economic recession," he added at the agency's monthly press conference.