Rose-tinted spectacles for Mexico economy

Mexican President Andres Manuel Lopez Obrador sent Congress a 2020 budget plan that assumes a growth scenario many economists see as too optimistic.

Mexico’s economy will expand 1.5 to 2.5 percent in 2020, according to the proposal submitted by Finance Minister Arturo Herrera ahead of Sunday night’s deadline. Analysts in a Bloomberg survey on average see an expansion of 1.5 per cent, with none expecting growth to exceed 1.9 percent, Bloomberg reports.