Former Mexican Finance Minister José Antonio Meade analyzed the country's current political and economic situation. He acknowledged that the current government has shifted its policy in favor of workers, but this has led to an increase in labor costs, which in turn impacts inflation. Meade believes the country faces a series of risks that create market uncertainty. He recognized the problems but does not foresee a crisis, stating: 'We are not in a crisis, but if we do not address the problems, we will see fractures in the medium term.' Among the positive aspects, he noted the preservation of the financial balance, which reduces the risk of losing the country's credit rating in the short term. However, he warned that if the deficit is not contained, it could cause problems by 2030, especially if the debt-to-GDP ratio reaches 60%, which would jeopardize the country's credit rating. Meade also expressed concern about the level of insecurity, which he said 'colors investment topics.' He highly praised President Claudia Sheinbaum's handling of trade tensions with the Trump administration and anticipated a favorable scenario for T-MEC negotiations. In conclusion, Meade emphasized: 'We are not in a crisis, but we have problems that can be corrected to prevent fractures that may become visible in the medium term.'
Ex-Mexican Minister: Not in Crisis, but Problems Need Attention
Former Mexican Finance Minister José Antonio Meade analyzed the country's economic and political situation. He acknowledged risks but rejected a crisis scenario, warning of potential negative consequences in the medium term if problems are not addressed.