July 17, 2019 / 12:05 AM / a month ago

Mexico needs 'counter-cyclical fiscal policy' to address slowdowns: finance minister

FILE PHOTO: Arturo Herrera, Mexico's new Finance Minister, attends a news conference in Mexico City, Mexico July 9, 2019. REUTERS/Carlos Jasso

MEXICO CITY (Reuters) - Mexican Finance Minister Arturo Herrera said on Tuesday that over time Mexico would need a “counter-cyclical fiscal policy” to address economic slowdowns.

“Eventually we have to design a counter-cyclical fiscal policy,” Herrera said, adding that the he would make a proposal “when the time is right”, but not necessarily in the coming months.

Reporting by Stefanie Eschenbacher and Sharay Angulo, editing by G Crosse

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