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Weekly Report - 28 November 2019 (WR-19-47)

MEXICO: Plan tabled to revive faltering economy

A flatlining economy, which it now emerges tipped into recession for much of this year, is a far cry from the 4% annual GDP growth promised by Mexico’s President Andrés Manuel López Obrador when he took office in December 2018. No sooner had the national statistics institute (Inegi) published data this week revising three quarters of growth into contraction territory than López Obrador announced a M$859bn (US$42bn) five-year national infrastructure plan designed to revive the economy.

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