In the article from El Financiero, the Mexican economy is likened to a stable territory that undergoes cycles of acceleration and deceleration, inflation rises and falls, and labor market fluctuations. However, it argues that a deeper, structural change is occurring, akin to a slow and profound tectonic shift, leading to visible cracks in what was once thought to be stable. This new perspective signifies that the country is moving towards a new economic regime where overall trends take precedence over traditional economic cycles.

The analysis suggests that the potential growth of the Mexican economy is now lower than pre-pandemic levels, estimated at around 1.6-1.8% annually. This decline points to a significant adjustment in economic expectations, indicating that the previous normative growth patterns may be permanently altered due to structural factors. The author highlights that the usual macroeconomic tools designed to manage fluctuations are becoming less effective in the face of these underlying forces.

As a result, the article warns that Mexico must adapt to this new landscape, where structural realities dictate economic performance. Policymakers will need to reconsider their approach to stimulate growth, as the historically effective tools may no longer yield the desired results. The tectonic shifts in economic conditions imply a need for innovative solutions to navigate this evolving economic terrain and avoid stagnation.