In annual terms, the Mexican economy recovered 5%, despite the omicron variant preventing it from reaching 6%, López Obrador said.
rules out recession
After two consecutive quarters down, analysts have ruled a technical recession of the Mexican economy, however, the Mexican official ruled out this diagnosis, since other factors must be considered, not only GDP, such as employment.
“January is one of the months in which the most jobs have been created, which recession? We are going to talk about this tomorrow. I maintain that his formula does not apply, that with two quarters below zero a recession is already declared, it is a formula, surely they were taught it at ITAM, ”said the president.
He reported that in January, the Mexican Institute of Social Security recorded the creation of 142,000 jobs, the highest number recorded in the months of January.