Too little, too late? Mexico unveils $26 billion coronavirus spending shift

MEXICO CITY (Reuters) - Mexico will increase spending on social programs and infrastructure projects by $25.6 billion (20.8 billion pounds), President Andres Manuel Lopez Obrador said on Wednesday, in a delayed attempt to jump-start the coronavirus-hit economy. Economists said the move was a welcome relaxation of Lopez Obrador's rigid adherence to frugality during the first weeks of the crisis, but it was not immediately clear how much of the package represented increases over previously..