Employment and outside variables like the U.S. economy's resiliency would support growth. After reaching 2.8% this year, analysts questioned by the nation's central bank in research from last month predicted that Mexico's economic growth may reach 0.95% in 2023. According to Mariscal, public spending will stimulate the economy and will account for 3.6% of GDP in 2023. It was increased by the government in 2019 when it was 2.3%.
According to Mariscal, nearshoring, or the relocation of factories from abroad to a site closer to the point of sale, might also benefit Mexico by generating job posts, boosting exports, and increasing investments across the nation. This push has helped Mexico even as Chinese companies increase their investments in Mexico, Mexico has profited from the United States' push to move business factories from Asia to North America.
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