Mexico growth has disappointed, but wealth is better distributed: president

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Mexican economic growth has fallen short of expectations this year, but wealth i...

MEXICO CITY - Mexican economic growth has fallen short of expectations this year, but wealth is now more evenly distributed in the country, President Andres Manuel Lopez Obrador said on Sunday.

The president took office pledging to raise economic growth to 4% per year. However, the economy has stagnated and slipped into a mild recession during the first half of the year. Lopez Obrador said the project was unsound and tainted by corruption, arguing that so-called “neo-liberal” policies have deepened social divisions and fueled gang violence in Mexico.

 

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