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March 18, 2022
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Banxico warns of impact on production costs due to invasion of Ukraine

Banxico warns of impact on production costs due to invasion of Ukraine

Banxico said that in order to face the challenges of the international context, it is necessary to promote the right conditions to recover private investment, in particular the strengthening of the rule of law and public security.

The entity governed by Victoria Rodríguez added that the progress of the vaccination process against the coronavirus in the population continues to be key to achieving a more robust economic and employment recovery.

“It would support the normalization of the functioning of global supply chains, benefiting to a greater extent those regions that are more oriented towards manufacturing exports, particularly the north and central regions,” the report details.

Entrepreneurs from the four regions into which the study divides the country said that inflation is the main factor that could hinder the growth of economic activity in the states during the next six months.

Internal and external conditions and governance were the other factors of concern.

In the last three months of 2021, commercial activity registered an expansion in the center and south of the country, while “atony” was observed in the north and center north. With the exception of the center, the regions exhibited levels of activity higher than those registered in the first quarter of 2020, the period when the pandemic began.



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