The Mexican Government’s Economic Spin by Guillermo Ortiz
By cherry-picking 12 data points that supposedly contradict top ratings agencies’ assessment of Mexico’s economy and fiscal outlook, Mexican President Claudia Sheinbaum recently presented a just-so story that should convince no one. A glimpse of what her list excludes makes that clear.
MEXICO CITY—In response to Moody’s and S&P’s negative assessments of Mexico’s economic and fiscal outlook, President Claudia Sheinbaum recently offered 12 economic indicators to show that “the Mexican economy is doing very well.” But while each is technically accurate, the list fails to tell the whole story or account for hidden fragilities.
