AMLO’s economic measures are incomplete – Private Sector

MERIDA Yucatán (Times Media Mexico) – The private sector continues to insist that the economic measures announced this weekend by Andrés Manuel López Obrador to address the crisis are incomplete.

Manuel Molano, director of the Mexican Institute for Competitiveness, pointed out a lack of connection between the scope of the proposals and the dimension of the economic blow that Mexico will receive. But despite the criticism or actions of other countries, López Obrador insisted on the benefits of his proposals, which foresee to multiply and expand social programs and reinforce to even harder levels the government’s austerity measures, as well as to avoid increasing the public debt.

Carlos Salazar Lomelin, leader of the Business Coordinating Council (CCE), said the economic plan presented on Sunday by President Andres Manuel Lopez Obrador to face the crisis is “incomplete”. Salazar assured that he sees the figure of two million jobs that López Obrador promised to create in nine months completely unattainable. “We want to repeat that the jobs are produced by the private sector, not the public sector. The public sector invests one out of every nine pesos invested in the country,” the business leader stressed.

In Yucatan, the Merida Chamber of Commerce lamented the lack of importance President Lopez Obrador has shown regarding the national economic crisis that is looming as a result of the Covid-19, which has paralyzed industrial and commercial activity in the state and the country in general.

The President of the CANACO Mérida, Michel Salum, indicated that social support for vulnerable companies is essential to prevent that sector from having difficulties due to the lack of productivity of the establishments. “The government must promote strategies that help companies to continue to maintain their workforce even with inactivity,” he said.

Fernando Ponce Díaz, president of COPARMEX Mérida, said that in López Obrador’s quarterly report and the announcement of his plan to face the crisis generated by the coronavirus “there was little or nothing extraordinary in terms of support for companies and the conservation of jobs” … “As our national president of COPARMEX said, it was a piece of ideological dissemination, attacking ghosts from the past,” he said.

The Yucatan Times
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