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

MEXICO CITY (Reuters) - Mexico will increase spending on social programs and infrastructure projects by $25.6 billion (20.71 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 warned a lack of support for big businesses could lead to bankruptcies affecting jobs and tax..