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🇲🇽 Mexico /Economy & Trade

Carlos Slim Domit welcomes private capital in Plan México and forecasts investment-led growth above 4%

From El Universal · () Spanish

Translated from Spanish and summarized by DistantNews. Read the original for the full story.

At a glance

News Named sources Context piece
  • Carlos Slim Domit said Plan México recognizes the importance of public, private and mixed investment, with a target equivalent to 25% to 28% of GDP.
  • He said greater investment, especially domestic private investment, could create jobs and produce growth above 4%.
  • Slim Domit also argued that technology alone does not determine progress, which depends on how people use information and artificial intelligence.

Carlos Slim Domit praised Plan México for recognizing private capital as part of the investment route needed to drive the Mexican economy.

Plan México has as its fundamental pillar the promotion of public, private and mixed investment to reach levels of 25% to 28% of gross domestic product.

· Carlos Slim DomitHe described the investment target he associated with Plan México.

At the opening of the México Siglo XXI forum, organized by the Telmex-Telcel Foundation for its scholarship recipients, the Grupo Carso chairman said the plan rests on public, private and mixed investment. Together, he said, those forms of investment should reach between 25% and 28% of gross domestic product.

Slim Domit, who also chairs América Móvil, placed particular emphasis on domestic private investment. He said it could create jobs, support development and substantially improve the socioeconomic conditions of the population. He also said higher investment would allow Mexico to achieve growth above 4%.

Domestic private investment is especially important for generating jobs, development and substantially improving the socioeconomic level of the entire population.

· Carlos Slim DomitHe emphasized the role of domestic private capital in Mexico's development.

Addressing the scholarship recipients, he urged them to help build a better Mexico by taking advantage of the country's "great opportunities." He described the current period as a new era filled with major challenges, saying that changes of era rewrite the rules.

The increase in investment will generate growth above 4%.

· Carlos Slim DomitHe forecast stronger growth as investment rises.

Slim Domit said this period also offers unprecedented access to information. A single phone can connect and entertain people, translate languages and teach programming, mathematics or history, he said. But he argued that progress depends less on devices than on their users. On artificial intelligence, he said people must ask the right questions and decide, guided by values and principles, what to do with the data the technology produces.

We are surrounded by extraordinary technology, but true progress today depends on each one of us.

· Carlos Slim DomitHe argued that human choices, rather than technology alone, determine progress.
About this summary

Originally published by El Universal in Spanish. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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