Why AMLO Is Going It Alone, Again, on Coronavirus
Why AMLO Is Going It Alone, Again, on Coronavirus
Mexico’s president has resisted the fiscal stimulus pursued in much of the region. Some experts say he’s ignoring reality.
MEXICO CITY – Mexico’s President Andrés Manuel López Obrador (AMLO) recently compared his planned economic response to the coronavirus to FDR’s handling of the Great Depression.
“(Roosevelt) reactivated the economy with investment, employment for everybody, a minimum wage … Why not do the same thing now?” the president told reporters Monday, a day after unveiling plans to soften the economic blow of the outbreak.
But experts say the proposals presented by the government fall well short of the large-scale response Mexico needs in order to weather the crisis, setting the...
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