Economics
To Make Mexico Grow Again, Lopez Obrador Needs to Find Some Cash
- Election winner has pledged more social spending, investment
- But economists say his plans for financing them are flimsy
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Addressing the adoring crowds gathered in Mexico City to celebrate his landslide election win, Andres Manuel Lopez Obrador set out an economic wish-list, and some red lines.
What the president-in-waiting said he’d do: Boost public investment, increase grants for students, and generally do a better job of looking after “the poor and the forgotten.’’ Some things he definitely won’t do: Raise taxes, rack up debts, mess with central-bank independence.