Mexico’s economy is highly vulnerable to global issues, especially geopolitical tensions, Secretary of Finance Rogelio Ramírez de la O emphasized during a forum at the Atlantic Council in Washington. He pointed out that with exports accounting for nearly 35% of GDP, Mexico has a remarkably open economy in Latin America, making it particularly sensitive to external disruptions.
Ramírez de la O highlighted the need for proactive measures to mitigate the potential impact of external factors on the country’s economic well-being. Despite the government’s focus on building an economy that benefits the Mexican people, it is crucial to address global challenges that impact the country’s economic stability. He noted that the current global problems are unprecedented and unexpected, underscoring the importance of Mexico’s political response to safeguard its economy.
The secretary underscored Mexico’s receptiveness to developments in the world market and global risks, emphasizing that monitoring and responding to global events are essential for ensuring Mexico’s economic resilience in the face of uncertainties.
