Mexico's New President Inherits an Economy in Shambles

Mexico

June 6, 2024--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Claudia Sheinbaum, Mexico's president-elect, will inherit "a number of headaches" when she is inaugurated later this year, a longtime observer of Mexican affairs told Industrial Info in an interview this week. Under Sheinbaum's predecessor, Andrés Manual López Obrador, or AMLO, Mexico's economy deteriorated significantly. Notably, liberalization of the Electric Power, Oil and Gas and Metals and Minerals sectors stalled after AMLO was elected president in 2018. State-run enterprises have deteriorated since then, largely because foreign companies and capital have largely been shut out of Mexico.

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