MEXICO CITY — For the second time in a month, top business leaders sat down with Mexico’s president to implore him to do more to save the economy. People were losing jobs by the tens of thousands, they warned. Small and medium-size companies, which employ more than 70 percent of the Mexican work force, were running out of cash. “I have other data,” shrugged the president, Andrés Manuel López Obrador, according to two businesspeople with direct knowledge of that conversation in April. “You do whatever you think you need to do, and I’ll do what I need to do.”Across the globe, governments have rushed to pump cash into flailing economies, hoping to stave off the pandemic’s worst financial fallout.

Source: New York Times June 08, 2020 06:56 UTC