The Secretary of Economic Development of Tijuana (Sedeti), Alejandro Mungaray, has stated that the recent bankruptcy of several banks in the United States is unlikely to have a significant impact on the city’s economy. In a recent statement, Perez Behr emphasized that Tijuana’s financial system is not directly linked to that of the United States, and therefore is not directly affected by any instability in the US banking sector.
According to Mungaray, Tijuana’s economy is largely driven by the manufacturing industry, which has remained resilient throughout the pandemic. He also noted that the city has been able to attract a number of new businesses and investments in recent months, despite the challenges posed by the pandemic.
The recent bankruptcy of several US banks has raised concerns about the potential impact on the global economy, but Perez Behr remains optimistic about Tijuana’s prospects. He emphasized that the city has a strong and diversified economy, and that it is well-positioned to weather any potential economic turbulence.
While the bankruptcy of several US banks is a cause for concern, it is unlikely to have a significant impact on Tijuana’s economy. With a strong manufacturing industry and a track record of attracting new businesses and investments, the city is well-prepared to face any challenges that may arise in the coming months.
SOURCE: El Imparcial