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Mexico's stalling economy given a $42 billion jump start

Wednesday, November 27, 2019

Mexico’s government has unveiled an ambitious $42 billion infrastructure program for 2020-24 designed to deliver annual growth of more than 4 per cent, a day after new official data revealed the economy had tumbled into recession this year.

The 147 projects identified by an administration that last year scrapped Mexico’s biggest infrastructure development — a new $13 billion airport in Mexico City — and has embarked on construction of a publicly-funded oil refinery included roads, railways, ports, airports and investments in water and tourism, the Financial Times reports.