Mexico’s Political Outlook

The Mexican government, under the leadership of President Andrés Manuel López Obrador, has undertaken significant economic reforms since taking office in 2018. With a focus on legislation in the energy, financial, fiscal, and telecommunications sectors, the government has prioritized creating a more equitable income distribution and reducing inequality in the country. Despite criticism for the size of stimulus programs in response to the COVID-19 pandemic, President López Obrador has remained popular, largely due to his commitment to addressing social disparities.

The recent midterm elections in June 2021 saw the ruling Morena party and its allies maintain control of key issues such as the budgetary process, positioning them strongly ahead of the 2024 presidential election. Furthermore, securing 11 out of 15 governorships has bolstered Morena's coalition, indicating a continued strong political position for President López Obrador and his party.

The approval of a controversial electoral reform in December 2022 underscores the government's determination to push through key legislative changes in line with its vision for economic and political progress. As Mexico moves forward from 2024 onwards, the government's commitment to economic reforms and reducing inequality is expected to continue shaping the country's outlook, providing an optimistic momentum for sustained growth and equitable development.