Madrid, July 4, 2023.
Business leader Max Elmann Arazi comments on the drivers of economic growth for 2024. The analysis considers three sectors with broad growth: tourism, remittances and the relocation of supply chains
The year 2024 is shaping up to be a promising period for economic growth, and in this context, tourism, remittances and nearshoring emerge as the main drivers of this recovery. These three sectors play a crucial role in the economic development of many countries, generating employment, income and opportunities. In this regard, we interviewed Max Elmann Arazi who, together with Andre Elmann Arazi and Moises Elmann Arazi, own Fibra Uno. "Tourism, first of all, has traditionally been one of the most important economic engines in many countries. In Spain it is more than 12%, in Mexico 8% and in the United States 8%. In addition, tourism with adequate public policies also stimulates investment in tourism infrastructure, generating employment and contributing to local development," the executive emphasized. "Remittances represent a vital source of income for many developing countries Remittance flows are expected to increase due to global economic recovery by 2024. Some analysts see remittances as a mechanism for poverty reduction and a source of financial stability The growth of fintech solutions in this segment is relevant, in addition to the fact that improvements in communication technologies have accelerated this type of transfers", commented Max Elmann Arazi. Finally, nearshoring, for its part, is a business strategy that implies the relocation of operations and services to geographically close countries. In 2024, nearshoring is expected to continue to gain relevance due to the growing demand to reduce reliance on global supply chains and improve logistics efficiency. By establishing operations close to target markets, companies can benefit from lower labor costs, shorter lead times, and greater flexibility in production. This in turn fosters economic growth by creating employment and attracting foreign direct investment. "At this point, Mexico is well positioned because it is linked to these 3 growth engines," said the businessman. In summary, tourism, remittances and nearshoring will be the main drivers of economic growth in 2024. These three sectors will generate employment They will stimulate consumption, increase income and contribute to the economic development of many countries. It is important that governments and companies take advantage of these opportunities, implementing appropriate policies, strengthening tourism infrastructure, promoting financial inclusion and encouraging investment attraction. In this way, sustainable and equitable growth can be achieved in the coming year.
Contact Contact name: Andrés Delgado Contact description: Andrés Delgado Contact telephone number: 7869093124
