Political risk is on the rise in Mexico
Sweeping, radical, audacious. Those are all good descriptions of the structural reforms enacted by the Mexican government over the past three years. Failure, unfortunately, is another.
Economic growth, rather than accelerating back to 4 per cent and more annually, has stumbled along at barely over 2 per cent. The stock market has flatlined, while the peso has steadily lost ground, and not only against the dollar.
Source: Financial Times