Arturo Herrera, Mexico's new Finance Minister, attends a news conference in Mexico City, Mexico July 9, 2019. REUTERS/Carlos Jasso
“I don’t see a recession around the corner ... I see that there has been a slowdown on a global level but we are very, very far from thinking that we are close to a recession,” Herrera told reporters, in his first press conference since being named finance minister. Herrera was asked about the risk that Mexico’s economy could slide into a technical recession, meaning two consecutive quarter of economic decline, when the statistics agency publishes gross domestic product data at the end of the month.
“Mexico seems to be virtually in a recession. GDP growth in the fourth quarter last year was barely positive and the economy contracted in the first quarter this year. We estimate that GDP will also contract in the second quarter, putting Mexico in a technical recession,” Bank of America Merrill Lynch said in a recent note to clients.
He doesn't see it as 'impending'...since he already knows they are already in recession
Apparently, no one told him about the $100 Billion invoice realDonaldTrump is sending Mexico to cover the costs for the Trump Family Small Penis Memorial Wall.
Méx no va a ser líder de la región en mucho tiempo, menos con economías ilicitas paralelas y de violencia. Los 80 ya pasaroun AmigoDateCuenta
Does he see Mexico paying for AgentOrange's wall?
Wall funding, amigo?
Would only be news if he did..,