Will fuel-price increase help Mexico’s economy?
President insists that the 20 percent increase is to the benefit of the country as it will stabilise the economy.
Mexican President Enrique Pena Nieto says a rise in fuel prices is necessary to stabilise the economy, but many Mexicans disagree.
For days now tens of thousands of people have taken to the streets in protest.
Keep reading
list of 4 itemsWhy is Biden ratcheting up the trade war with China?
Ivorian cocoa farmers ‘barely survive’ while chocolate company profits soar
Singapore Airlines death: Is climate change making air turbulence worse?
Several have died and hundreds have been arrested. They fear a domino effect, with the price of other goods going up too.
Pena Nieto admits raising prices at the pumps was a difficult decision, but is confident it is the right one.
So will the price increase help or hurt the economy?
Presenter: Richelle Carey
Guests:
Manuel Suarez-Mier – financial consultant and former chief of staff to the Governor of the Bank of Mexico
Ana Maria Salazar Slack – former White House policy adviser to President Clinton’s special envoy for the Americas
Christopher Wilson – senior associate, Mexico Institute at the Woodrow Wilson Center
Published On 9 Jan 2017