A $25 billion stimulus package unveiled by Mexico on Monday should have an immediate impact, Finance Minister Arturo Herrera said, as Latin America’s second-largest economy teeters on the brink of a recession.
The package comes just days before Mexico’s national statistics agency publishes second-quarter growth figures and amid an discussion over whether the economy has slipped into recession.
Mexico is targeting a primary budget surplus of 1% of GDP and Herrera said at a press conference that the package would not affect the budget. Herrera did not give projections of the impact of the package on . . .
