Despite a lower rate of vaccination against COVID-19, and the decision of the Bank of Mexico (Banxico) of, the Ministry of Finance and Public Credit (SHCP) maintains its expectation of growth of 6.5% for the economy in 2021.
“We have an important growth scenario with around 6.5% (…) we have enough vaccines and an average of a million vaccines are arriving per day, I think we are going to do very well, because the biggest problem we have is having vaccines, We have it resolved, ”said the Secretary of the Treasury, Arturo Herrera.
On May 31, prior to the June 6 elections, the Ministry of Finance and Public Credit (SHCP) raised its expectation for the economy in 2021 to 6.5% and linked this forecast to the advance of vaccination, but with the rhythms prior to voting.
They report that four days prior to the voting, Mexico broke vaccination record by applying 1.6 million doses in a single day. However, on Wednesday, June 16, 384,000 doses had been applied, which represented 36% of what was applied 14 days earlier.
“The challenge will be one of operation, yesterday, the director general of epidemiology said that it is the issue of adjusting some of the characteristics of the process,” the official told the media, at the end of the presentation of the “Third report on intensified monitoring of Mexico before the Financial Action Task Force (FATF) “.
He explained that all over the world countries face three great challenges: having enough vaccines; have staff to administer vaccination, and have enough people to vaccinate.
“In the United States, for example, where they have about 70 million vaccines in transit, today they have the problem of finding people to get vaccinated,” he said.
He ruled out big changes in the outlook for GDP, given the central bank’s decision to raise the benchmark interest rate last week.
Last week, the Citibanamex survey among private sector economic analysts yielded an average of 5.8% for GDP in 2021, when the previous 15 days it was 5.5%.
