MEXICO CITY—While most of the world’s greatest economies embarked this 12 months on shelling out sprees to cushion the economic strike from Covid, Mexico’s leftist President Andrés Manuel López Obrador has doubled down on budget willpower and austerity inspite of a rise in poverty.

When he took business office two years in the past, several economists feared that Mr. López Obrador would behave like other leftist leaders in Latin The us, operating up significant deficits to fund welfare applications. In its place, he now faces criticism for not shelling out plenty of for the duration of the pandemic.