Mexico faces a declining economy and higher prices
The cost of gasoline is from $15-$17 pesos per liter, in the Pemex company.
February 14, 2017
There was much controversy for Mexico last year, the presidential victory of Donald Trump did not help along with the peso devaluation in which the exchange rate of the dollar has doubled over the last five years, and gasoline prices increased 20 percent. The United State’s neighbor to the south is facing conflict, and it’s affecting the citizens of Mexico.
People protested high gasoline prices at the National Palace in Mexico City, in January.
“There were protests all over Mexico,” Juarez citizen Selene Sanchez said. “Even here in the border there were people protesting about the gasoline and the value of the dollar.”
The prices of all products has increased, because transportation of products requires gasoline.
“Every price of the products that I use for my job has increased and my clients sometimes don’t have the money for a higher price,” Juarez citizen Tania Chavez said.
Some blame president Enrique Peña Nieto.
“Since he (Enrique Peña Nieto), began his presidency, he has done nothing to make Mexico better, the best for us would be him to leave it,” Chavez said.
The minimum salary is low and with the high prices, the poverty rate will increase.
“If they are not lowering the prices of the gasoline, at least the government should give more job opportunities and raise the salaries,” Chavez said.
Mexico depends on the United States, and people are worried that Trump will make the things worse as he has already has done with the immigration ban of seven Muslim countries.
“Trump is making Mexico afraid about what will happen in the next four years, but also businesses that are in both countries are leaving Mexico and this is affecting the economy,” junior Natalia Dominguez said.
Mexico’s economy depends on its high tourism, and with higher prices of goods the tourist rate may decrease.
“It affects Mexico and the world, because the export trade is very important here, and we may have conflicts with it, even some tourists are affected because it’s too expensive,” Chavez said.
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