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August 6, 2024
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We are strong; we are ready for whatever comes, Sheinbaum emphasizes

Nestor Jimenez

The newspaper La Jornada
Tuesday, August 6, 2024, p. 3

Following the global stock market crash during yesterday’s financial session, the virtual president-elect, Claudia Sheinbaum, stated: We are preparing for any scenario.

Asked about speculation about a global crisis, she said: Today we are in a better position to face it. and stated that the Mexican economy It is solid and strong, with healthy finances.

He explained that one of the objectives of the railway projects planned for his government is to promote job creation.

Regarding the energy sector, he stressed that along with a comprehensive plan to transition to new energy sources, he seeks to consolidate the country’s existing refineries and the coking plants that are under construction, while clarifying: We are not proposing the construction of a crude oil processing plant.

After meeting for several hours with governors of the northwestern region of the country, the next president of the Republic was asked at a press conference about the fall of various stock markets and currencies in the world, in the face of speculation of a possible global economic recession.

US elections, another factor

Sheinbaum called for not anticipating scenarios of this type. We will wait for the impact of what happened now. The US elections are also coming up in November, so we cannot just say that there is a recession or that one is coming. We are prepared and getting ready for any scenario..

By indicating that there is a responsible work with the Secretary of the Treasury, he added that actions will be maintained to Strengthening the domestic economy and market.

Answering questions about his forecasts for the economy, he insisted that it is a phenomenon that It’s something that happened in three days, I think it’s premature to classify it as a crisis or something like that. We have to wait as in everything and at the same time prepare for any scenario..

Despite the fact that there are international economic conditions that affect the country, he stressed that Today we are in a better position to face them, because there are international reserves..

Regardless of the global economic integration that all nations have, as well as the impact that instability can have on Mexico, he stressed that the domestic market is strengthened by public works and private investment.

As an example of this, he referred to the latest data released by the IMSS, which indicates a growth of 12 thousand jobs.

Among the measures that could keep the economy afloat during his administration, he outlined the various public works projects, such as the expansion of the railway network and the plan to build between 100 and 150 thousand homes next year. Both sectors, he explained, are characterized by job creation, which is necessary for economic strength.

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