Lack of rule of law, corruption and crime stop business in Mexico

Bureaucracy and Inadequate Infrastructure Offer are the other two brakes for the productive sector.

Analysts expect the second half of the year to be complicated, as they raised their forecasts for inflation to 7.5% with an advance of the Gross Domestic Product of 1.8%.

In addition, they estimate that the interbank funding rate will end the fourth quarter at 9.5% (at maximum levels), according to the median of the projections of 38 local and foreign analysis groups received between June 20 and 29.

This weekend marks 4 years since President Andrés Manuel López Obrador won the presidential elections and is currently facing pending issues in public administration such as security and the economy.

In the first quarter of 2022, the national GDP grew by 1% compared to the previous three months, however the economy has not been able to recover from the 8.5% drop in 2020 as a result of the COVID pandemic.

The risks of a recession in the United States, its main trading partner, threaten to weaken exports and the arrival of remittances.

With the 2,833 intentional homicides and 77 femicides registered in May, the current six-year term already exceeds the 120,463 violent deaths that occurred during the six-year term of PAN member Felipe Calderón Hinojosa.

The homicides registered in the government of President Andrés Manuel López Obrador are 0.9% more than those that occurred during the 60 months of Felipe Calderón’s six-year term. However, the deaths of the remaining months of the current administration have yet to be counted.