Mexico has climbed two positions in Euromoney’s latest quarter results, ranking 37th out of 186 monitored countries, but the new US presidency has analysts worried.
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sugar the pill that is Trump
ECR scores show an improvement in the labour market and a stable economic performance, but Mexico’s outlook could alter once power relations switch in the White House. We asked three Euromoney experts what could change for the Mexican economy in the upcoming year.
“Trump’s victory is creating real concerns in Mexico and among international investors and multinational companies that have developed substantial business interests in the Mexican economy over the last decades.“Ongoing corruption, drug trafficking, illegal immigration into the US and the presumed strong detrimental effects of the North American Free Trade Agreement (Nafta) on blue-collar workers in America’s stagnating industries and regions are key issues that will affect Trump’s attitude towards Mexico.
“One of president-elect Trump’s advisers put it this way: the media does not take Donald Trump seriously, but does take him literally. I think this is a very important factor to bear in mind when considering the impact of a Trump presidency on any area including Mexican relations.“This may not be incompatible with more wall building but it is with destroying the Mexican economy. The pre-election meeting between president Enrique Peña Nieto and candidate Trump looks much wiser in retrospect than it did at the time.