Economics
Mexican Voters Love Their President, But Investors Are Wary
Analysts see slow growth and worry about the country’s credit rating.
AMLO at Mexico City’s international airport.
Photographer: Alfredo Estrella/AFP/Getty ImagesThis article is for subscribers only.
Mexican President Andrés Manuel López Obrador, or AMLO as he’s known, is doing spectacularly well with voters 100 days into his term. The latest survey pegs his approval rating at 78 percent, a record for the first trimester of a presidential term since polling began in the 1980s.
But just as his popularity is soaring, market sentiment is souring, widening a divide between investors and the president’s base. The clearest sign of this is a substantial markdown in growth forecasts by Wall Street analysts. In a poll of institutional investors commissioned by Credit Suisse Group AG in February, three-quarters said the current economic situation was worse or much worse than a year ago.