MEXICO CITY, Feb 3 (NNN-Xinhua) — Mexican President Andres Manuel Lopez Obrador said he was confident the economy will be able to grow at a rate of about 5 percent in the coming years, as the COVID-19 pandemic wanes.
At his usual daily press conference at the National Palace in Mexico City, the president noted Mexico’s Gross Domestic Product (GDP) expanded by 5 percent in 2021.
“Fortunately, we already have indicators that COVID’s new variant (Omicron) is losing strength, because that was what prevented us from reaching 6 percent growth, among other factors,” Lopez Obrador said.
He predicted growth of 5 percent for 2022, 2023 and 2024, for an average annual growth rate of more than 2 percent during his six-year term in office.
Mexico’s president, who took office in December 2018, ruled out the economy being in a recession, as some analysts believe.
Mexican GDP plummeted 8.2 percent in 2020, its worst performance since the 1930s, due to the impact of the pandemic.
“I am satisfied because it (the economy) continues to grow, we are emerging from the crisis,” he said. — NNN-XINHUA
