We try to stay in touch with Mexico. This week, we saw a couple of articles that should worry the Mexican middle class.
First, Presidente López-Obrador is making investors a bit weary, according to Richard Castillo via Pulse News Mexico:
Fear does not ride on a burro; it flies at the speed of sound!
And spreading fear of President Andrés Manuel López Obrador’s (AMLO) economic policies seems to be the leading reason that Mexico’s Gross Domestic Product (GDP) has slumped markedly to the point of reaching a minimal growth of 0.1 percent for the next quarter of 2019.
Based on the article, it appears that some major corporations are having second thoughts about investing or following up with their promises to invest.
Why? Can you say AMLO, or the initials for Mexico’s president? more