Will Mexico’s Economic Rebound Be Temporary?

By Vanessa Rubio

The government’s latest economic package falls short of the reforms needed for sustained growth.

“Facts, not words” — that was the slogan Mexico’s President Andrés Manuel López Obrador (AMLO) chose to promote his major September 1 speech to the nation. Government ads on social media touted 6% economic growth. But a closer look at the facts does not suggest optimism about the future of the Mexican economy. This year will indeed witness an economic rebound of around 6.3%, one of the strongest in Latin America. But “recovery” might be a more appropriate term than “growth.” In 2020 the economy plummeted by 8.3%, while in 2019, AMLO’s first year in office, it shrank by...

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