Economics
Mexico’s Finance Chief Confident of 2020 Economy Turnaround
- Inflation, peso in check, Minister Herrera says in interview
- Mexico’s central bank ‘clearly’ has room to keep cutting rates
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Having suffered the worst economic performance in a decade last year, Mexican Finance Minister Arturo Herrera sees reasons to be more optimistic about Latin America’s second-largest economy in 2020.
In his first sit-down interview with English-language media this year, Herrera says that after almost a decade of expansion since the global financial crisis, last year’s 0.1% contraction was more natural and in line with disappointing economic activity worldwide. Now, things are looking better.