The entertainment industry in Mexico is in a period of expansion, which contrasts with the country’s general economic downturn. That’s what he said Enrique Hernándezin dialogue with Channel Ea trade journalist who claimed that “the entertainment industry has grown, although there will be no economic growth in Mexico this year, that is, it will grow by 0.4% at most.”
As already explained, the major international concerts have brought economic benefits worth millions. “In Mexico City alone, the Oasis concerts generated at least $200 million in economic benefit“, he explained. In addition, “Shakira’s two presentations in Mexico City, which generated at least $178 million in sales“and the bad bunny shows what”They leave behind a loss of at least $177 million“.
For Hernandezthese events solidify entertainment as “an engine of the country’s capital“, also accompanied by regional bands and city festivals that stimulate consumption.
Downturn, investments and structural challenges
When analyzing economic stagnation Hernandez was clear: “The slowdown comes as Pemex and the construction industry recorded declines“. In this sense, he warned that “There has been no government investment to stimulate this sector of the economy“, which affects overall growth.
Regarding the debate about tariffs with the USA, he put their effects into perspective: “We will end this year with record exports of around $666 billion“, he explained, noting that “The tariff issue had no impact on the industry in general.“, except in special cases such as the steel or automotive sectors.
The main problem, according to the journalist, is internal. “Many Mexican businesspeople don’t have the confidence to invest in the government“, he claimed, in contrast to foreign direct investment, that “has reached at least $44 billion, a record level“.
Entertainment, tourism and international projection
Hernandez He emphasized that the economic impact goes beyond the concerts. “Mexico hosts Formula 1 for almost a week, generating nearly $1.4 billion in revenue“He explained. In addition, he expects that the World Cup will boost activity even further: “It is estimated that it will move at least 3,000 million dollars.”
At the same time, foreign tourism is also reaching historic highs. “Foreign tourism in Mexico has set a record and is growing strongly“, he indicated, emphasizing that “Argentine tourism has grown by almost 15 to 16% this year“. For HernandezThis phenomenon confirms that entertainment and tourism have become important pillars in sustaining the Mexican economy in times of uncertainty.
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