Strategy is giving results to face the economic crisis: AMLO


Despite the fact that last Thursday the National Institute of Statistics and Geography (Inegi) reported that in the second quarter of the year there was a historical fall of 17.3% of the Gross Domestic Product (GDP), the president Andres Manuel Lopez Obrador He assured that the strategy that his Government has implemented is giving results to face the economic crisis, generated by the pandemic of the Covid-19, and predicted that after hitting bottom, in the last quarter of the year, the country’s economy will emerge.

In a video of almost half an hour, and showing graphs of various economic indices in the country, Lopez Obrador reported that according to figures from the Mexican Social Security Institute (IMSS), in July there was a loss of jobs of just over 3 thousand, compared to 550 thousand in April, caused by the pandemic.

“We are hopeful that we will get ahead, we are optimistic and we have foundations, there are reasons to support our optimism. In the case of our country, we have maintained that this economic crisis is going to have a drawing, a V shape; that is to say that we fell and we are going to leave, we are going to recover soon.

“I think that there is the heart of the matter, the economies are going to fall, but here the important thing is how we are going to recover, who are going to recover sooner and better, and who are going to maintain economies, with growth, but at the same time, healthy finances, without debt because different strategies are applied.

Also read: The negative result was already expected, says AMLO about the fall in the economy

“In the case of us, we decided in the crisis to support from below, instead of upwards, not to inject from the top down, as has always been done and this strategy is giving us results.

“We are going out, the data indicates that we have hit bottom, we are going up, we are going to emerge, I believe that July is already a better month than April, than May than June, that quarter was very difficult and the quarter July-August-September and it is upwards and in the last quarter of the year we are already on the surface, it has already emerged, we are already emerging from the crisis with healthy economies, without debt, “he said.

From the library of his home in Tlalpan, the President pointed out that for this recovery it is said that oil prices have risen, the collection, the increase in remittances, as well as the 4 million credits that his Government has granted to small merchants .

He reported that according to IMSS figures, in July there was a loss of jobs of 3,430, compared to 550,000 in April.

“I said that we hit rock bottom and that we are leaving. In April, 555 thousand jobs were lost; in May, 340 thousand jobs; in June, 82 thousand jobs; and in July, I have the data, until yesterday they were only lost in all of July 3 1,430 jobs.

That is to say, there were no more job losses, which means that we are close to reaching the million jobs lost, but that figure was not exceeded and we are already going upwards, the fact that in June 82,000 jobs were lost and now in July only 3 thousand is muta that the economy is growing little by little, “he said.

Lopez Obrador assured that there are 16 states where there was loss of jobs and 16 where workers began to be hired, so “this is a good fact, it is an encouraging sign, it is an indication that we are going ahead, that July, It has been better than the previous months. ”


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