Mexico President Andrés Manuel López Obrador promised Monday to stick with his modest economic recovery plan after the country’s main business groups reacted negatively to the proposal, which would expand his signature social programs and tighten government austerity measures in the face of economic havoc wrought by Covid-19. Unlike the United States’ $2 trillion economic stimulus package to help the country weather the pandemic’s effects, Mexico will increase some public investment, but López Obrador said in a speech Sunday evening he would avoid public debt. “Some said that the president just gave a general outline and that this week the Treasury secretary is going to detail and break down the measures, but no, there isn’t anything else, it’s just this,” López Obrador said Monday. Mexico’s Business Coordinating Council (CCE), a national business association, said it welcomed some of the president’s ideas, but ultimately termed his […]