Cancellation of Mexico City airport has caused negative effects in the economy: Banxico

In addition, it is noted that due to the uncertainty caused by this decision, foreign investors could reduce their capital flows.

The cancellation of the New Mexico International Airport had a negative effect on the country’s economy, said Daniel Chiquiar, general director of economic research at the Bank of Mexico.

In the report on regional economies prepared by the institution, it was pointed out that in “the central region, the decrease in activity responded, in part, to a reduction in the demand for metallic products in the construction industry. They associated this, fundamentally, with the cancellation of the New Mexico International Airport. “

In addition, it is noted that due to the uncertainty caused by this decision, foreign investors could reduce their capital flows.

“The consulted directors pointed out that the announcement of the cancellation of the New Mexico International Airport could reduce the flow of foreign direct investment to that region,” the report explained.

On the other hand, the effect was also observed in sectors such as construction and commerce.

“It had an effect on the activity of the economy, and that is not hard to notice, because there was a drop in production directly associated with that project. There is data from the construction industry that supports the idea that there was a fall in the production of that industry, “explained the director.

Source: forbes

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