MADRID, 21 (EUROPA PRESS)
Mexican President Claudia Sheinbaum on Thursday boasted about the economic model of the so-called "fourth transformation" and emphasized that not even US tariffs have been able to harm the country's economy, after recording record foreign investment.
"Foreign direct investment in Mexico is historic," he declared at his morning press conference this Thursday, where he reported that foreign financing had reached $34.265 billion (€29.494 billion) in the second quarter of this year.
This figure is higher than the peak achieved in the same period last year, when foreign investment reached $31.096 billion (approximately €26.765 billion). "It's practically more than double that of 2017," the president emphasized.
"Not even tariffs could defeat the Mexican economy," said Sheinbaum, who believes the economic model of the government, inherited from the six-year term of Andrés Manuel López Obrador, "not only reduces poverty, but also generates investment."
Sheinbaum has taken the opportunity to fuel the "myth of neoliberal obscurantism" that prophesied that "if wages increased there would be inflation" and has criticized previous conservative governments for defending a Mexico that "could only offer the world cheap labor."
"When people live better, the country is better, and there is still investment and no inflation," he celebrated.
