The turn in sentiment has more or less soured the prospects of an economic boom fostered by reforms. For instance, Luis Videgaray, the finance minister, argues that while the reforms could take some time to bear fruit, they could add 1.5 to 2 percentage points to growth, the Financial Times reports. With the country’s attention on corruption and lack of rule, observers are wary about the government’s ability to implement their proposed economic reforms.
For instance, the business confidence in retail and construction industries declined last month. An index of manufacturing confidence dropped to its lowest since February 2010.
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Max Chen contributed to this article.