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"It's estimated that in the first half of the year (the decline) could have been 9 percent or more, at an annualized rate," he said during the inauguration of an expansion project at Volkswagen's massive automotive complex in the central city of Puebla.
Calderon added, however, that unemployment rose only three percentage points from Jan. 1 to June 30.
"Truly, we have been able to contain the recessionary impacts up to a certain point, which was to be expected. And we are working hard, not just to surmount the economic crisis, but to be able to move forward with more rigor and more strength," the rightist president said.
He also pointed to the $4 billion in foreign direct investment Mexico received in the first six months of 2009.
Calderon said Mexico has a chance to make sure it is "better positioned at the international level in regard to competitiveness" once the world emerges from recession.
Several international business consultancies, he said, have concluded that Mexico can offer lower production and logistics costs and a more highly skilled workforce than China, India or Brazil.
Citing the $1 billion investment in the Puebla complex VW announced Monday, Calderon said that "Mexico will be the spearhead of the recovery of the global automotive industry."
The auto sector represents 20 percent of Mexico's gross domestic product and supports more than 3 million households, the president said.
The consensus of private economists surveyed last month by the central bank is that Mexican GDP will shrink 9.5 percent in the second half of 2009. EFE
jrm/dr
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