Prior to his election victory, Lopez Obrador was a proponent of protecting the poor and it will be interesting to see if his agenda that earned him the trust of Mexican voters will continue as he takes office on Saturday, and whether he carries this same agenda into tackling the migrant situation.
Mexico Economy Grew in Q3
The economy is always a topic of contention for any president, but Lopez Obrador will at least get a head start as Mexico’s gross domestic product grew by 3.6% during the third quarter. The Federal Reserve Board of Dallas estimates that the country’s economy will grow at an aggregate 2.1% for the year.
The growth comes as Obrador sparked controversy when his latest plans for his forthcoming presidency were deemed as damaging to Mexico’s economy. For example, his proposed moves included a push to limit the fees banks can charge customers as well as a decision to end a $13 billion airport project in Mexico City that already raised funds via overseas bonds.
However, his latest economic initiatives have been more openly received. This past weekend, Mexican voters decided on whether 10 policy initiatives by the incoming administration should move forward and all 10 were eventually approved.
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