In her regular meeting with the media President Claudia Sheinbaum talked of a revaluation of the poverty rate carried out by the institution, which had initially suggested 9.5 million citizens.
President Sheinbaum, that also highlighted the country’s economic indicators, said that the exchange rate against the dollar, it stood at 19.14 this Friday, and regarding the 10-year interest rate as an indicator of economic expectations and risk, she showed a graph showing it is declining.
The dignitary stated that the cost of insuring sovereign debt: international perception of the probability of default is also declining, in other words, she asserted that this means ‟confidence in our country”.
‟As we have said,” she added, “between public and private investment, this year, even with all the international economic difficulties, there is a very good perception of what the markets call our country, and investment continues.”
On April 2, US President Donald Trump announced tariffs against the rest of the world, but kept tariffs on products from Mexico and Canada at zero, protected by the North American Free Trade Agreement, through which most trade in this region flows.
With a favorable balance for her country, Sheinbaum opted to negotiate better conditions in response to the steel, aluminum, and auto tariffs imposed by Washington, and to promote Plan Mexico, which seeks to improve the quality of life through sustainable, inclusive, and equitable economic growth.
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