Mexico finance minister losing sleep over sluggish economy, stalled trade deal

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Mexico finance minister losing sleep over sluggish economy, stalled trade deal
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Mexico's economy is not in recession yet but the federal government is tryi...

WASHINGTON - Mexico’s economy is not in recession yet but the federal government is trying to counter an economic slowdown with targeted infrastructure spending, Finance Minister Arturo Herrera said on Tuesday.

Herrera said he was worried about a slowdown in the global economy, including in Mexico, and the prospect that the Mexican government could need to do more to prop up economic activity. Mexico’s economy is tightly connected to that of the United States which is also slowing, weighed down by global trade conflicts including with China.

Herrera said he was also troubled by the stalled passage in the U.S. Congress of a revamped trade agreement between the United States, Mexico and Canada.While Herrera was in Washington for meetings at the International Monetary Fund, he said some of his team of officials was in the U.S. capital to help explain why U.S. lawmakers should approve the new trade deal, known as the United States-Mexico-Canada Agreement.

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