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Puerto Vallarta News NetworkNews Around the Republic of Mexico | December 2009 

Calderón: 2009 was 'The Year of Living Dangerously'
email this pageprint this pageemail usJaime Obrajero - The News
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December 11, 2009



Speaking at a general assembly meeting of the National Housing Fund for Workers (Infonavit), the president said that the economy in the third quarter grew 2.9 percent, a turn-around from earlier this year. (Notimex/Alfredo Guerrero)
México - President Felipe Calderón said Thursday that 2009 has been one of Mexico´s worst economic years, but 2010 will be the year of recuperation.

Speaking from Los Pinos presidential residence during a general assembly meeting of the National Housing Fund for Workers (Infonavit), the president called on the housing industry to expand its offerings and provide easier access to housing.

Calderón said that the economy in the third quarter grew 2.9 percent, a turn-around from earlier this year.

Calderón compared 2009 to the Charlton Heston movie, "The Year of Living Dangerously."

"Paraphrasing some very famous movie from way back when, whose name I don´t remember...It was more or like the year that we lived dangerously. Practically all of 2009. It was, or still is a very complicated, very difficult, very challenging year. The United States economy fell on top of us, that´s why the damage here was worse."

However, beginning in June, Calderón said, Mexico´s economy saw small signs of recovery. From January to November only 24,000 jobs were created, but in November alone 106,000 new positions were created, he said.

Those figures are true, he added, even though the country doesn´t perceive it that way.

"(November had) the highest figure since 2007 in the country," Calderón said. "It´s a real fact, incomparable, because the workers are registered in social security with their name, surname and the amount they´re paying for social security every six months."

The president also took the opportunity to yet again call on Ernesto Cordero to take all of the needed measures to improve the economy. Cordero is expected to ascend from secretary of Social Development to secretary of Finance.

Calderón thanked the Organized Laborer Movement, especially the Mexican Workers Confederation´s Joaquín Gamboa Pascoe, for the "enormous responsibility with which they have managed their respective organizations" despite the crisis and unemployment.




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