The economies of the Estate of México, Nuevo León and Tabasco are the ones that rebounded the most in 2023, leaving behind the negative effects of the pandemic, Moody's projected.

According to the agency's report, these are the entities that have the greatest areas of opportunity this year in terms of economic growth, in the context that they belong to the group of states that Moody's rates, added to the fact that the Mexican entity and The royal state belongs to the largest economies in the country, contributing 9.1 and 7.7% to the national GDP on average from 2017 to 2021.

Consult here: 42% of the new industrial supply of the two-month period was concentrated in the northern region of the country

In fact, it is projected that this year the State of Mexico (rated AA-.mx, stable) and Nuevo León (A-.mx, stable) will have growth rates in their economic activity between 2.5 and 2.6%, therefore that will be consolidated in returning to pre-pandemic levels.

Both states will benefit from nearshoring, since it has a manufacturing vocation and, therefore, they are attractive for the relocation of supply chains.

“The states in which the greatest economic recoveries have been seen compared to 2019, and better growth prospects are expected for 2023, have as a common factor a high participation in the secondary sectors, specifically in manufacturing, and services, in which sub sectors of commerce and transport services”, stressed the report.

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In line with the fact that the State of Mexico and Nuevo León will benefit from nearshoring, Moody's pointed out that this new industrial dynamic will have positive effects in the other northern and central states of the country.

Regarding Tabasco (A-.mx, stable), he pointed out that its economy reached pre-pandemic levels in 2021, with a rate of 11.9%, and by 2023 the increase is expected to be above 2%; its economic growth in these years is related to construction, driven by projects such as Dos Bocas.

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Original note