KEYPOINTS OF PRESIDENT ANDRES MANUEL LOPEZ OBRADOR’S MORNING PRESS CONFERENCE

March 1-7, 2023

Economic

• Peso: President Lopez Obrador highlighted the peso’s performance against the dollar, which in recent days has even traded below $18.00.

• Economic indicators: President Lopez Obrador presented various economic indicators for the country. In summary, as of February 2023, Mexico has 21.6 million jobs reported in the IMSS and is expected to reach historic figures in March. The average monthly salary of workers enrolled in social security is $15,913. The Mexican currency has experienced an appreciation of more than 10%, making it the second strongest currency after the dollar. In addition, remittances are up 12% over the previous year, and record foreign direct investment has been seen due to the merger of Televisa and Univision, the restructuring of AeroMexico and other companies. The economy has emerged from the 8.2% decline caused by the pandemic and is expected to grow by 3% this year. Although inflation is on a downward trend, an anti-inflation plan is being implemented with Latin American countries to combat food inflation. The minimum wage has been increased by 90% over 2018, and the Mexican Stock Exchange has experienced a 26% increase. Debt is the lowest since 2004, and international reserves have had an increase of 15.1%. Final-