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Nancy Pelosi is biggest risk facing Mexico

Tuesday, December 10, 2019

Mexico’s stock market and its economy has been a laggard thanks to two things. One is domestic woes surrounding president Andres Manuel Lopez Obrador. The other is Nancy Pelosi’s potential for holding up the new North American trade pact in order to avoid giving President Trump a win.

A final deal could come together in the next 24 hours, but Pelosi and some Democrats are stalling. Should Pelosi not hold a vote on this, Mexico’s stocks would sell off again, and its economy would keep its sentiment headwind heading into 2020, Forbes reports.