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Aug

20

Fostering Growth: Rising Regions and Challenges in the Mexican Econom

Between the close of 2019 and early 2023, Tabasco, Oaxaca, and Quintana Roo have experienced an economic upswing, driving development in the southern region of Mexico.

Thanks to a rebound effect and the implementation of federal construction projects, these states have managed to compete with the growing northern regions in economic growth. Tabasco leads the way with an impressive 24.3% increase in its Quarterly State Economic Activity Indicator (ITAEE in Spanish).

 

Despite these achievements, experts warn about the regional gap that could widen due to the impact of nearshoring throughout the rest of 2023. This phenomenon favors areas close to the United States, posing challenges to maintain equitable growth across the country. It's essential to maintain a strategic focus to make the most of regional projects such as the Dos Bocas refinery and the Maya Train, thereby promoting long-term sustainable development.

 

On the other hand, 10 out of the country's 32 entities have not yet reached pre-pandemic levels in their economic activity, with Mexico City, Veracruz, Puebla, Campeche, Coahuila, and Michoacán standing out. The lack of investments and plans focused on attractiveness for current projects is hindering their growth. To bridge this gap and ensure a prosperous future, it's necessary to implement measures that encourage investment attraction and infrastructure development in these lagging regions.

 

While some regions in southern Mexico experience notable economic growth, they face challenges in maintaining equity and closing the gap with northern areas. A strategic focus on regional projects and investment attraction will be crucial in achieving sustainable development across the country and ensuring a prosperous future for all entities.

 

Retrieved from:

El Economista. (2023, agosto 4). Región sur compite con el norte del país en crecimiento económico. El Economista. https://www.eleconomista.com.mx/estados/Region-sur-compite-con-el-norte-del-pais-en-crecimiento-economico-20230804-0009.htm