Entrepreneurs, investors and analysts disagree with government plan
The plan that President Andrés Manuel López Obrador presented this Sunday was not liked by businessmen, investors and analysts, because a cyclical anti-fiscal policy was not in the way, so in addition to an immediate increase in the parity of the peso against the dollar to new highs historical, also means the risk of further deterioration of growth expectations for 2020.
The immediate reaction of the markets was a rise in the exchange rate to a new historical maximum of the exchange rate at 25.6895 pesos, on Sunday afternoon, according to Investing; while on Monday morning another maximum was reported again at 25.7849 units.
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