With the beginning of the year come challenges, goals to achieve and dreams to make come true. To achieve these objectives, it is essential to have a good plan based on solid financial education, discipline, savings and, of course, intelligent investments.
The country’s banks will play a key role in moving the investment market and contributing to the growth of the economy. According to the Ministry of Finance and Public Credit (SHCP), the government’s economic package foresees a growth in the Gross Domestic Product (GDP) between 2.0% and 3.0% by 2025. But what does all this mean for the citizens and how could it benefit them?
GDP growth means more economic activity: more production, more employment and, of course, more money in the pockets of Mexican families and companies. This builds trust, both inside and outside the country, which in turn attracts more investors. And when there is more investment, the market becomes more dynamic, which is key for economic development.
Based on the document titled Timely GDP Estimation, prepared by the National Institute of Statistics and Geography (INEGI), the Mexican economy showed signs of recovery. The text revealed that in the third quarter of 2024, GDP grew 1.5% compared to the previous quarter, exceeding market expectations, which expected a growth of 1.2%.
Banks will help meet the demand for various financial services that could make a difference in 2025, such as:
Personal and business credits. If companies and people observe a more favorable economic outlook, they will be more willing to request loans to invest in new infrastructure, technology or even expand their operations.
Investments. An optimistic economic environment motivates people to invest more in products such as investment funds, savings accounts and retirement plans, thereby promoting the availability of loanable funds that, through various instruments, can be channeled towards investment projects that need financing. .
Growth of the credit portfolio. As disposable income increases, more people will be able to access products such as mortgages, auto loans, and credit cards. Through credit, productive investments by companies and the assets and needs of families are achieved, which boosts the internal market and contributes to supporting greater economic growth.
Opportunities in digital transformation. The opportunities offered by digital transformation will allow banks to bring a variety of financial services to new market segments.
Banks will continue to promote financial inclusion, sustainability and will also have a favorable impact on accelerating the pace of global digital transformation which, by the way, is one of the forces that are redefining Mexico’s economic landscape with Artificial Intelligence (AI). .
With their adaptive strategies and financial solutions, banking institutions will be instrumental in creating new opportunities for the country’s investors, underpinning the growth of various sectors of society.
Raúl Osvaldo Bazán Rodríguez
Strategy and Planning
BBVA Seguros Mexico
