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Business sector backs López Obrador

Tuesday, September 24, 2019

Mexico’s private sector is betting that 1,600 public works projects and a policy of constructive engagement with populist President Andrés Manuel López Obrador will breathe life into the moribund economy, says the head of the country’s top business lobby.

Meanwhile, the government is applying a severe spending squeeze to free up cash for social projects and business confidence has taken a hammering, the Financial Times reports.