AMLO’s Successor Will Inherit a Slowing Economy as Mexico’s Spark Fades
- Growth falls short of expectations ahead of June 2 election
- Public deficit, nearshoring risks await frontrunner Sheinbaum
A passenger holding a Mexican flag is reflected in the window of the Maya Train, one of the flagship initiatives on which Andres Manuel Lopez Obrador has spent big in the final year of his presidential term.
Photographer: Koral Carballo/BloombergThis article is for subscribers only.
Mexico’s economy was finally, for the first time in years, the talk of Latin America.
Multinationals raced to build factories along the US border. Consumers, flush with cash from wage hikes and government social programs, spent in force. The Mexican stock exchange, long a laggard in global markets, was briefly outperforming even the red-hot S&P 500, and the economy consistently posted the fastest growth rate among major nations in the region.