Mexico City, Mexico — President Andrés Manuel López Obrador says he predicts that the national economy will have a growth of 3.5 percent during 2024.
“My forecast is that we are going to grow 3.5 (percent) this year. (…) I see the country’s economy well. Fortunately, we do not see any internal risk nor any external factor that could lead us to an economic crisis,” he said during a morning press conference.
He says he believes the annual growth of the six-year term would be 1.3 percent, “a feat,” he said, after the effects of the COVID-19 pandemic .
The positive outlook in economic matters is the result of the moral economy, a model whose main postulate is the fair distribution of income, the President added.
The reduction of poverty and inequality in five years of implementation proves its functionality.
“It is not enough to grow if wealth is accumulated in a minority. You can grow to 3, 5, 10 and above. The important thing is to grow with a fair distribution of wealth and income. (…)
“May things go well for all of us and what we have achieved with this new model is that income is arriving at the bottom of the population pyramid,” he said.
López Obrador reiterated that his government serves those who have the least, which reactivates the economy, commerce, industry and productive activities from the bottom up.