Mexican President Claudia Sheinbaum acknowledged on Friday the low dynamism of the economy, however, she linked this result to external factors such as trade uncertainty with the United States and the slow economic growth of that country. She made the comment during her press conference, just a couple of hours after INEGI confirmed that the country's Gross Domestic Product (GDP) fell at an annual rate of 0.3% during the third quarter of the year. "There is confidence and there will be more," she assured, although the economic growth until September is only 0.4%, below the projection of the Ministry of Finance and Public Credit, which expects an increase of around 1%. "I am very positive about how the year will end, I talk to many businessmen, investment funds," she added. Sheinbaum also said that she has never heard any businessman say that he will not invest in the country because the new Supreme Court was elected by the people. Instead, Sheinbaum considered that this low growth has to do with how the United States has grown; the situation of tariffs, which she specified, is not only with Mexico; the fall in demand in the US for automobiles. The weakest sector was industry, mainly due to construction. During her morning press conference, Sheinbaum acknowledged the weakness of the economy and pointed out: "It has nothing to do, as our political opponents say, with the judicial reform." She also defended that there is an increase in employment and criticized that the GDP measurement does not consider factors such as the affiliation of workers from apps, which for experts distorts the real data. She pointed out with optimism that while the automotive industry is losing strength now, what is being lifted is the electronics industry, where she assured that many investments are arriving and warned that once the review of the USMCA is finished, more projects will be added due to less uncertainty.
