Back

LatinNews Daily - 19 March 2018

In brief: Mexico

* Credit ratings agency Fitch has identified Mexico’s presidential candidate Andrés Manuel López Obrador as a potential risk to the country’s economic stability. In a press release published on 16 March, Fitch – which confirmed Mexico's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB+' with a 'stable' outlook – reported that López Obrador’s election could lead to slower implementation of structural economic reforms, especially in the energy sector, which are needed to support economic growth. The Fitch press release warns that López Obrador’s presidency could also lead to a reorientation of economic policies to favour greater state involvement as well as plans for an increase in government spending. As the 1 July general election approaches, Fitch predicts greater volatility in the financial markets.

End of preview - This article contains approximately 127 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

LatinNews
Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
Contact
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.