MEXICO CITY (Reuters) – As the outlook for Mexico’s economy gets gloomier throughout the coronavirus crisis, President Andres Manuel Lopez Obrador has actually driven home the message that his federal government is prepared to help the bad to weather the storm – however that the abundant can forget it.
FILE IMAGE: Mexico’s President Andres Manuel Lopez Obrador holds a press conference at the National Palace in Mexico City, Mexico, March 17,2020 REUTERS/Henry Romero/File Image
Private sector economic experts think the economy will contract by as much as 7%this year and organisation lobbies have prompted the leftist leader to promise more cash to secure tasks and cushion the effect of the downturn.
Lopez Obrador states the government will make extra cost savings where essential, but insists that no money will be cut from the welfare programs he has put at the heart of his program since taking workplace in December2018
Speaking at his routine morning news conference, he stated in previous crises “those on the top were secured”, and attacked ba