Mexico’s most powerful business lobbies said on Monday that President Andres Manuel Lopez Obrador’s plans to lift the Mexican economy out of a coronavirus-induced crisis were insufficient and more was needed to protect jobs and companies. If the government does not back the private sector, Mexico risks a deep recession that could see Latin America’s second-largest economy contract 7% and shed between 1 million and 1.2 million jobs, according to the Business Coordinating Council (CCE), an association representing the private sector. Lopez Obrador unveiled his plans on Sunday, vowing to help the poor and create jobs. But his promise to uphold fiscal discipline at the same time sparked criticism that the measures fell far short of what was needed. He pledged Mexico would create 2 million jobs in the next nine months and boost small-business and housing loans. He also vowed to tighten public-sector austerity […]