Monday, September 15, 2025

President says economy fine, dismisses views of ‘conservative analysts’

Dismissing the news that the economy contracted by 0.2% in the first quarter of the year, President López Obrador said today the economy “is doing very, very well.”

The national statistics agency said yesterday the first quarter represented the worst economic start to the year in 10 years.

The president charged this morning that “conservative analysts” are trying to argue that the government is not functioning.

“Our adversaries are betting that things are going badly, day in and day out. They’re talking about economic stagnation, that the government is not working. In fact, we are doing well, very well.”

López Obrador recommended that experts and conservative analysts remember the first quarter of ex-president Ernesto Zedillo, who faced what has been called the worst economic crisis in Mexico’s history.

Zedillo governed from 1994 until 2000 and presided over the Mexican peso crisis in his first month in office.

“I would just like to remind you of the first quarter of the Ernesto Zedillo administration when the economy shrank by 7%. Even so, the conservatives consider that administration a success . . . . So, bravo! We’re doing very well.”

However, not as well as the last three presidents. Annual growth from January till March was 1.3% this year, but under Enrique Peña Nieto the economy grew 2.7% in the first quarter. For Felipe Calderón it grew 2.2% and for Vicente Fox, 1.8%.

Source: El Economista (sp)

Have something to say? Paid Subscribers get all access to make & read comments.
crash in Yucatán

Highway accident west of Mérida kills 16, injures 2

0
A freight truck carrying beer, a passenger transport van and a private vehicle were involved in the crash on the Mérida–Campeche federal highway near the town of Kopomá, Yucatán.
ammuniton evidence

American woman arrested for smuggling ammunition into Mexico 

0
It was the second recent arrest of an American trying to smuggle military equipment across the border, and an early test of a new bilateral agreement to crack down on weapons smuggling.
gulf of mexico protest against Veracruz port construction

Veracruz residents protest port expansion threatening Gulf’s coral reefs

0
The group of protesters objects to the construction of a 3,000-meter breakwater on the La Gallega reef and seeks to increase visibility of the endangered Veracruz Reef System.
BETA Version - Powered by Perplexity