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Mexican government to cut spending because of low oil prices

Discussion in 'Market News' started by ForexLive, Feb 17, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Mexican government to cut spending by 132.3B pesos ($7.5B) Governments are supposed to act counter-cyclically. Mexico is getting hit by capital flight and low oil prices so it's a good time to open up the purse strings.

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