LatAm: Mexico: New year, new fuel crisis

  • The fuel distribution shortage in Mexico’s central region and the capital continues to worsen as traders and local businesses warn of growing potential shocks
  • Pemex is belatedly working to normalize supplies, but if the crisis drags into next week, the economy will likely take a real hit
  • As consumer confidence has soared to a 12-year high, the Finance Ministry this week unveiled more market-friendly initiatives in the hopes of reviving business confidence

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