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Mexico & Nafta - September 2016 (ISSN 1741-444X)

Videgaray under pressure ahead of budget

With the Mexican peso under sustained pressure and ratings agencies warning about ‘Tequila’ levels of debt, Mexico’s finance minister, Luis Vidergaray, has little choice but to commit to another austerity budget in 2017. This could potentially come at the cost of economic growth, as the increasingly unpopular government led by President Enrique Peña Nieto heads into its final two-year stretch.

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