On Tuesday, Mexican President Andres Manuel Lopez Obrador supported his treatment of the economic effects caused by the coronavirus pandemic, insisting in a speech that the economy has done far better than other countries.
During the second quarter of the year, Mexico’s economy by 17%, marking the deepest slump since the Great Depression.
Obrador said in a statement:
“The economy’s contraction, despite the global disaster, was 10.4% during the first half of the year. But despite the collapse the damage was smaller than in Italy, Spain, France and the United Kingdom,”
“We have faced the pandemic and we are going to get out of the economic crisis without taking on additional external debt and without allocating public money to immoral bailouts,”
Obrador has opposed economic lending to stimulate the economy and has repeatedly refused to bail out businesses on the verge of bankruptcy.
The Panthera Post 