The Mexico Plan is facing serious difficulties even before its implementation, due to the early executive actions of U.S. President Donald Trump and the rush to renegotiate the USMCA from a protectionist stance. These measures make it almost impossible to achieve the plan's objectives, including placing the country in the tenth position among the world's economies.
The declaration of a national emergency at the U.S. southern border and the designation of drug cartels as terrorists are just the beginning of a series of actions that threaten to reduce Mexican exports and discourage investments in the country. This, combined with the high devaluation of the peso against the dollar, poses a challenging scenario for the national economy.
According to forecasts, GDP growth for this year will be drastically affected, and inflation and economic instability add to the concerns. The possibility of Mexico reaching the tenth position among the world's economies is quickly fading, with the country currently occupying the thirteenth position and with little encouraging prospects for the near future.
The economic situation is intertwined with challenges in security, governance, and energy supply. The president's administration is struggling to cope with the crisis generated by Trump's policies, given the country's precarious financial situation and the lack of resources to boost economic growth.
Decisions made by the previous government, such as excessive spending on social programs and pharaonic projects, have left public finances in a delicate condition. Faced with the migration crisis and the need for resources to address significant challenges, such as the collapse in border cities, a complicated outlook for Mexico is looming.
Despite the difficulties, the resilience of Mexicans in the face of past crises and their ability to move forward amidst adversities stand out. The current crisis presents opportunities, which will largely depend on the government's and society's capacity to adapt to changing circumstances.
It is imperative that measures are taken to mitigate the impact of the crisis, including a possible restructuring of the cabinet and judicial reforms that ensure the impartiality and autonomy of judges. The excessive concentration of power in a single person can be counterproductive in facing challenges of the current magnitude, so a more collaborative and balanced approach is required to tackle the challenges ahead.
