TAG: Mexico
In the face of a rising US dollar and a global trend towards protectionism that affects some of the globe’s globe's major economic powers, the leading markets of Latin America find themselves with an opportunity to work on enhancing regional trade.
From the cancellation of a part-complete international airport to the signing of a new free trade agreement with Canada and the US, in many senses events from the second half of 2018 still define Mexico’s economic trajectory in the first half of 2019.
Following a landslide victory in July of last year, the administration of President Andrés Manuel López Obrador (widely known as AMLO) came to power in December 2018 with a promise to reform the economy through more inclusive growth, as well as by giving the government a more prominent role in setting the country’s growth agenda. In a highly dynamic political and economic environment, respondents to the fourth OBG Business Barometer: Mexico CEO Survey remain cautiously upbeat about this new normal. The government may have changed but, for the most part, the priorities of the private sector have not.