Mexico needs 'counter-cyclical fiscal policy' to address slowdowns - finance minister

MEXICO CITY (Reuters) - Mexican Finance Minister Arturo Herrera said on Tuesday that over time Mexico would need a 'counter-cyclical fiscal policy' to address economic slowdowns. 'Eventually we have to design a counter-cyclical fiscal policy,' Herrera said, adding that the he would make a proposal 'when the time is right', but not necessarily in the coming months

Reuters July 17, 2019 06:05:59 IST
Mexico needs 'counter-cyclical fiscal policy' to address slowdowns - finance minister

Mexico needs countercyclical fiscal policy to address slowdowns  finance minister

MEXICO CITY (Reuters) - Mexican Finance Minister Arturo Herrera said on Tuesday that over time Mexico would need a "counter-cyclical fiscal policy" to address economic slowdowns.

"Eventually we have to design a counter-cyclical fiscal policy," Herrera said, adding that the he would make a proposal "when the time is right", but not necessarily in the coming months.

(Reporting by Stefanie Eschenbacher and Sharay Angulo, editing by G Crosse)

This story has not been edited by Firstpost staff and is generated by auto-feed.

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