Mexico City, (EFE) .- Mexico maintains its appeal as destination for investors and bankers, despite the structural challenges facing the global and local environment, said Ian Linnell, global president of Fitch Ratings, during the event ‘Fitch on Mexico’ held in the capital of the country.
In its opening speech, Linnell stressed that the country is one of the 20 main economies of the world, a leading global exporter and a key manufacturing center integrated in international supply chains.
He stressed that these factors, together with an abundant expanding consumer market and natural resources, continue to generate interest in the international financial market.
However, the global president of the US agency acknowledged that Mexico faces “winds against” such as global economic slowdown, uncertainty in governance and a complex geopolitical environment.
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“While Mexico has distinguished itself by its ability to navigate volatility cycles, inflationary pressures, restrictive monetary policy and geopolitical and commercial challenges, it also faces winds against economic growth and constant concerns around the government,” he said.
Linnell warned that the international scenario imposes new long -term challenges, such as the advancement of artificial intelligence, demographic changes and financing of climate transition, which will also affect Mexico.
In this regard, he pointed out that Mexico cannot depart from these global careers, as they affect the country “as much as any other.”
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The head of sovereign grades of Fitch, Shelly Shetty, said that the relocation of investments to Mexico or ‘Nearshoring’ has not stopped, but it could be facing delays.
“Nearshoring is not suspended, but perhaps has been delayed a bit,” he said when he remembered that this phenomenon was always thought of as a gradual medium -term process.
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