Put yourself in the mind of a Mexican policymaker and I guarantee that you won’t like what you see: Inflation is speeding past 5.5%, you are running the largest fiscal deficit since the 1980s and domestic consumption is weakening as activity slows in the US – the country’s largest trading partner. Not to mention double-digit interest rates.
Some private analysts now tell you they see the economy growing closer to just 1% this year and next. And Mexico’s first elected female president is taking over the job on Oct. 1 amid great expectations and with the goal of fixing the country’s historic injustices (read: more spending!).
Source link : http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=66bc8cc996da4469a75d78b6df532f4d&url=https%3A%2F%2Fwww.bloomberg.com%2Fopinion%2Farticles%2F2024-08-14%2Fmexico-s-economy-needs-a-female-revolution&c=5108088162605974398&mkt=en-us
Author :
Publish date : 2024-08-13 22:30:00
Copyright for syndicated content belongs to the linked Source.
