A stable economy

In countries with an open economy , such as Mexico , the private sector is the main job and wealth generator. Of the 53 million Mexicans who had a job in December 2017, 34 million, two thirds, worked in small, medium, and big businesses , according to the Inegi . The rest of the jobs are created by large economic units, those with 250 or more workers.

For its development, and for the creation of jobs , any business, small or big, requires certainty . In an interview with EL UNIVERSAL , the general director of the Mexican Stock Exchange warns that uncertainty has affected them. Although many financial activities haven't been canceled, they have been postponed until the investors consider that there is more stability , he says.

There are external factors that influence the performance in the stock exchange , but decisions made by Mexican authorities can also influence the lack of certainty for businesspeople and investors .

Last week, the announcement that the Texcoco airport would be canceled cause an uncertainty bubble. For the Mexican Stock Exchange , it was an overreaction, as it was a scenario that had been suggested since the past presidential campaigns.

On Monday, the President-elect met with 16 contractors, which represent 92% of the construction work done in Texcoco . The meeting translated into agreements to begin the acquittance , after the cancellation of the project, and the announcement that there won't be lawsuits after the decision. The meeting must be a starting point to dissipate any sign of uncertainty, that could affect investors and the creation of jobs.

The government taking office on December 1 has reaffirmed that the E xpenditure Budget that will be presented before Congress on December 15, will be in line with the commitment acquired in this regard: the macroeconomic equilibrium will be maintained, the country won't acquire debts , there won't be a tax increase or a rise in fuel prices, only adjustments due to inflation matters.

The determination to stay in the path of stability , without abrupt devaluations or crisis , is essential for business development, of any size. Nevertheless, in the end, what is important is that it is translated into actions. Diverting from this path could have a high price for the country and for the pockets of millions of Mexicans .

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