Brexit explanation on an easiest way
If you’re already tired of listening and reading everywhere about Brexit and you don’t know and understand what this is all about, here’s a super easy explanation so you can be aware of how could this affect you.
To start with, you need to know that the Brexit word is a conjunction of two English words: Britain and exit, together means exit of the united kingdom of the European Union.
It all started last week, Britain citizens had the opportunity to decide if their nation will still being a part of the European Union. The answer was negative: the wanted to e independent from those countries.
The historical decision because this is the first country with a higher financial power in getting out of the EU, which will have a worldwide economic impact.
If you’re asking you’re self about how this will affect Mexico, you must know that after the announcement, the Mexican peso depreciated its value to a minimum level, also historical.
The changes of the Mexican peso vs. the usd dollar will definitely affect our economy; inflation will also make the price increment of different things, especially those things from abroad.
According to the Swagger website, the commerce between Mexico and United Kingdom could also be seriously affected, imagine that on 2015, the 11% of the domestic total exportations were to the United Kingdom (this equals 1,968 million of USD).
Salomon Juan Marcos Villarreal, president of Grupo Denim, is already talking to all the US customers in order to have a plan for the best possible reaction. “What we all can do regarding this scenario is what I’m always saying, save money, try to invest and to buy on local business, avoid getting importations, because the cost will be higher. Consume Mexican market more than ever”, said Salomon Juan Marcos Villarreal.