Analysis-Mexico investors worry lopsided vote could threaten rule of law
NEW YORK/MEXICO CITY - The Mexican governing party's unexpectedly lopsided victory last week has investors concerned that it may use its mandate to sweep aside some of the checks on presidential power which have long been a source of comfort to the business community.
Some analysts hope that Lopez Obrador's anointed successor, President-elect Claudia Sheinbaum, who will be sworn in on Oct. 1, may take a more gradualist approach, but even that is not a given. She has mostly professed her loyalty to her charismatic mentor's policies. The plan has been criticized as a hit on an independent court system, which has served as a check over some of Lopez Obrador's most extreme policies.
Mexico's overall fiscal deficit is set to end 2024 at 5.9% of economic output, according to the government estimate, which would be the country's highest since the 1980s.
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