What Mexico’s election results means for our outlook
Date: 12 June 2024
We examine what Claudia Sheinbaum’s victory in Mexico’s presidential election means for the short- and medium-term outlook. Our outlook already accounted for a continuation of AMLO’s policies under Sheinbaum, but a likely supermajority in Congress has revived concerns of a further deterioration of the country’s macroeconomic fundamentals what will offset optimism around nearshoring benefits. The new administration is unlikely to alter the course of the economy for 2024, but downside risks for 2025 are growing especially due to the uncertain outcome of the US elections.
To read more about our outlook on Sheinbaum’s victory, click here.
Joan Domene
Chief Latin America Economist
Joan Domene
Chief Latin America Economist
Mexico City, Mexico
Joan Domene is the Chief Economist for Latin America and is responsible for developing Oxford Economics’ view on the region. Joan is responsible for producing macroeconomic forecasts for Mexico. He manages a team of economists who produce regional and country-specific research on over 30 countries. Joan’s work also involves presenting the outlook to clients and liaising with the media. Joan joined Oxford Economics in 2019 as Senior Economist after 5 years at a Mexican private bank.
Mauricio Monge
Economist, Latin America
Private: Mauricio Monge
Economist, Latin America
Mexico City, Mexico
Mauricio is a Senior LatAm Economist on the Macro team in Mexico City, focusing on Argentina, Ecuador, and Central America. He has over 8 years of experience in the international public and private sectors and holds a master’s degree in Macroeconomics from the Barcelona School of Economics.
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