Mexico has become a hotbed for business due to its strong economy and government reforms under the current administration, according to Jorge Arce, the general director of HSBC Mexico. Arce cites specific reforms such as pension reform and the elimination of labor subcontracting as contributing factors to the positive environment for growth in the country.
Looking ahead to 2024, Arce notes that while some sectors are experiencing a slowdown, overall, Mexico is at full employment and experiencing robust growth. He credits the government for positive reforms such as the Afore reform and the increase in minimum wages, while also highlighting the dynamic growth of the private sector, both national and international.
Arce emphasizes that continued investment in areas such as water, clean energy, logistics, and human capital is essential to sustain Mexico’s economic growth and support its population. He also underscores the crucial role of security in attracting investors and doing business in the country. Arce believes that Mexico needs to prioritize security as a shared responsibility among government, society, and the private sector to ensure a safe environment for all.
Foreign investors are increasingly interested in Mexico not only to assess its economic performance but also to explore opportunities for investment and expansion. Arce mentions that investors are now focused on hiring contractors for projects, plant locations
