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Mexico's big leap of economic faith is landing with a flop

Monday, August 10, 2015

Largely lost amid the frantic scramble after drug lord Joaquín “El Chapo” Guzmán’s dramatic prison escape, one of the biggest leaps of faith for the Mexican economy landed with a flop.

But in recent months, Mexican newspapers have kept running banner headlines of economic gloom: The value of the peso has plummeted, and the only growth is in the the poverty rate and the gap between rich and poor.

Source: Washington Post