02 Aug 2019
Mexican President Andres Manuel Lopez Obrador has expressed his satisfaction with the economic growth recorded in the second quarter of 2019.
The 0.1-percent growth rate showed that Mexico did not fall into a technical recession, which consists of two straight quarters of negative economic growth.
Speaking at a press conference, Lopez Obrador said the economic growth report, which was released by the National Institute of Statistics and Geography was "very good news, because it allays fears and helps block attempts to generate distrust.”
Through his economic model, the president aims to turn economic growth into development, introduce more jobs and direct investment.
The president also went on to say that the government’s 2019 forecast had yet to be decided on, and that they would have to wait and see before understanding if it would place between 1.1% and 2.1%.