Youth Unemployment Crisis in Mexico: A Call for Action

In this episode, we address the alarming youth unemployment crisis in Mexico, where young people aged 15 to 29 are disproportionately affected despite the country’s overall low unemployment rates. With over 843,000 young individuals losing their jobs, we analyze the effectiveness of government initiatives like 'Jóvenes Construyendo el Futuro' and discuss urgent policy changes needed to empower the next generation. Additionally, we cover Banxico's revised GDP growth forecast for 2024, highlighting the implications of a potential economic slowdown and its impact on inflation and stability. Join us on Simply Economics for a comprehensive look at these pressing issues.

Sources:
https://elpais.com/mexico/economia/2024-10-08/los-jovenes-en-mexico-son-los-mas-perjudicados-por-el-desempleo.html
https://latinus.us/economia/2024/10/7/banxico-pronostica-un-cierre-de-la-economia-en-2024-por-debajo-del-potencial-125462.html

Outline:
(00:00:00) Introduction
(00:00:41) Banxico forecasts a closure of the economy in 2024 below the potential