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LatinNews Daily - 03 June 2020

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In brief: Mexico expects “asymmetrical” economic recovery

* Mexico’s Finance Minister Arturo Herrera has cautioned that the country’s economic recovery will be not be as fast as the contraction it suffered due to the coronavirus (Covid-19) pandemic. In a video posted on Twitter, Herrera said that the trajectory of Mexico’s economic recovery, which will “go hand-in-hand with the recovery of jobs and salaries”, would be less “V-shaped” and more like a 'tick' (comparing it to the Nike logo), explaining that sectors will reopen but with restrictions. Restaurants, for example, would have different timetables and more space between tables. Herrera added that the government will take measures to contribute to the economy’s recovery, including bringing forward spending plans, particularly on projects that will most stimulate job creation and investment, citing the construction of Santa Lucía airport in the Estado de México and the Dos Bocas oil refinery in Tabasco state.